Real Estate Terms Archives

Opportunity vs. Potential in Inn Investment: What Smart Buyers Actually Look For

Financials, Innkeeping Business, Inns for Sale, Operations, Real Estate Terms / Eben Viens

In four decades of placing buyers in inns, bed & breakfasts, and boutique lodging properties across North America, the word we’ve learned to read most carefully is “potential.” It’s not that potential is a bad thing. It’s that potential and opportunity are two very different propositions — and confusing the two is one of the […]

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F is for Feasible Inn for Sale

Innkeeping Business, Inns for Sale, Real Estate Terms / Eben Viens

Unlike lifestyle or financially viable inns, by “feasible” we mean “properties with a size and location that have the realistic potential to become financially viable. They may include unique hospitality properties that are distressed, closed, under-performing, or currently used for other purposes.” What kinds of bed & breakfasts are we talking about?

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V is for Values in Business

Innkeeping Business, Real Estate Terms / Eben Viens

We all like to think that we are being treated “the right way.” One can argue that “the right way” may vary from person to person, as what is “right” for one person may not be so for another. But there are some fundamental practices that embody values and “the right way” to treat others in business. In the simplest and broadest sense, being honest is core to the concept of values. Honesty is not subjective; either someone is telling the truth, or they are not.

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Calculating Occupancy for a Bed & Breakfast

Financials, Innkeeping Business, Real Estate Terms / Eben Viens

Occupancy rates are used throughout the bed and breakfast industry to indicate how often rooms are occupied. How occupancy is calculated is a mystery to many current and aspiring innkeepers, but it’s really very simple if you know what the rules are. The first rule is that a year always has 365 days except for

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