Louisville KY urban inn for sale
Urban Oasis in the Heart of Louisville!
The Inn at Woodhaven is a beautiful Louisville KY urban inn for sale with 8 guest rooms located in a residential neighborhood of Louisville, Kentucky. Four rooms are in the main Gothic Revival house built in 1853. Three rooms are in the Carriage House built at the same time, and one suite is in the Rose Cottage, a modern (1998) structure built with great attention to compatible architecture. The entire property has considerable architectural interest that has been formally recognized and has been updated.
Some of the guest rooms have luxurious baths and/or fireplaces, while others have more modest facilities. This creates a range of offerings and price points to appeal to a broader audience.
Benefiting from Churchill Downs, the Kentucky Derby Museum, and all activities equestrian in nature, the this Louisville KY urban inn for sale has built a solid foundation for its business in the Louisville location. The Bourbon Trail and the Muhammad Ali Center are also big reasons for people to travel to Louisville.
The property is about a block from the Waggener School complex (elementary through high school) and a similar distance to Brown Park and Arthur K. Draut Park, both with woods and walking trails. Commercial services including a full complement of retail shopping are only a half mile away.
The Louisville Bed & Breakfast Association has 16 member inns, most of which are in the historic downtown area. This property is in a newer area of the city, which contributes to its high occupancy rate. While not a “typical” neighborhood for a B&B (like the historic district) with other old mansions and homes around it, the St. Matthews area is a combination of commercial, single and multi-family development. The property is surrounded on three sides by the attractive Cypress Pointe Apartments. Given the relatively modest innkeeper’s quarters in the B&B, the adjacent complex could be a viable, legal alternative. Conversely, a huge third floor suite with 2 bedrooms could also be a contender of onsite owner’s quarters.
The business at the inn is very strong, with annualized occupancy in the high 70’s to 80% that surpasses that of most inns, resulting is a very solid business activity value and ROI. Average Daily Rates run around $175 with a correspondingly strong RevPAR averaging around $140.
This magnificent Louisville KY urban inn for sale offers a new owner a solid business in a lovely, vibrant city that can deliver a comfortable lifestyle. For complete details, contact Peter Scherman, 434-286-4600 or Rick Wolf, 207-967-1995. The Inn at Woodhaven is offered exclusively by The B&B Team, Inn Consultants LLC in cooperation with Steve Porter, Realtors of Louisville.
Photos by Jumping Rocks.
- Financially Viable
- $1 Million to $2 Million
- 6 - 10 Rooms
- Bed & Breakfast