On Thursday, March 28, Bill and Lynne Keiper became the new owners of the Bed & Breakfast at Oliver Phelps, a 5 guest room B&B in the popular Finger Lakes region of New York. The former innkeepers, Jack and Donna Delehanty, plan to retire to the Pacific Northwest and pursue their passions for biking and …
Viability of an Inn
The B&B Team® is trying something NEW in 2013! Starting in January, our Aspiring Innkeeper Seminar opportunities will also include several 1-day Workshops! These Workshops will cover all the pertinent information necessary for decision-making if you have always dreamed of inn ownership, but want more information to help you decide, including: How much investment will …
I like to play Chinese Checkers with my 6 year old grandson, Brody. That’s the game where you move your marbles across the board and try to be the first one to get them into the spaces on the other side. You can move a marble one hole at a time, or, you can set …
Lifestyle inns, usually too small or poorly located to be viable, now have an alternative for their exit strategy consideration.
Smaller inns can make BIG impact in their financial performance by thinking Big.
The Lifestyle Inn, the smaller sized inns, are about 2/3 of all inns per the PAII Industry surveys. But the create what has become the definition of a growing alternative for the American leisure travel industry.
Tax time is THE time to self-reflect on your exit strategy and its timing.
Viability vs. a lifestyle inn is the first, and probably most important, element of the profile of the inn that is RIGHT for you.
The Highest and Best Use of a property may NOT be its current use. This has application to inns as well.
This article, with Life Cycle graph, offers advice for marketing and operations improvements at various points along the Bed & Breakfast life cycle.