In the heart of town across the street from Davidson College is a fantastic Davidson NC boutique hotel for sale. With 18 rooms that have been remodeled and updated, this three story inn offers room configurations that can cater to executives, business travelers, families, and romantic couples, too! Of brick construction built in 1993, the inn has a spacious entry and lobby adjoining the large public room with a bookcase lined wall, large fireplace, and comfortable seating.
Offering a true bed & breakfast experience, this Davidson NC boutique hotel for sale combines the personal attention of a B&B with the professional amenities that business travelers need.
The inn is in a location that cannot get any better for anyone with anything to do at Davidson College. And for the vacationer wanting a centrally located place to stay while touring the area and enjoying the pleasures of Lake Norman, this is it! Quality restaurants are within walking distance (two are next door), and the other conveniences of a small college town are nearby.
From a business and investment perspective, the hotel is a winner. With an occupancy rate close to 80% and a RevPAR of nearly $115.00, the hotel operates with a margin of well over 40%. The cap rate of almost 12% is attractive for a well staffed Davidson NC boutique hotel for sale. Judicious rate increases can improve overall performance while maintaining a high level of profitability.
The property is kept in superb condition with regular attention to maintenance and upgrades, which have been a regular feature of the business. The HVAC system with Multiaqua chiller/boiler split system provides individualized comfort to all rooms.
There are no owner’s quarters onsite. The owners are on property daily, but the staff capably handles day-to-day operations.