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Reynolds Mansion

General
Price: 
1,995,000
Sale Web SIte: 
Reynolds Mansion
City: 
Bellefonte
State: 
Pennsylvania
Business Information
Business Description: 

Of particular note is the Inn’s close proximity to Penn State University which creates a strong marketing draw related to entertainment at the Bryce Jordan Center, football games at Beaver Stadium, and an ongoing stream of University-related activities. This stream of guests is proven and promises a strong foundation of business a year in advance. In addition, the Inn is well positioned at the heart of a charming historic town, providing countless activities and attractions that include world class fly fishing, festivals and fairs, award winning wineries and distilleries, and beyond. The diversity of options for guests (and the clear connection to the area from Penn State alumni) creates a positive cycle of repeat business and has led to a near 50% occupancy in fiscal year ending 2022.

Occupancy Rate: 
48%
Average Daily Rate: 
220
Property Information
Property Description: 

The “boutique” terminology is used so liberally in the independent hospitality segment these days that it can be difficult to understand what truly constitutes a “boutique” property. This special State College Pennsylvania area inn for sale has reminded us of that boutique magic. The charming and capacious guestrooms and common spaces create a luxurious guest experience that blends the modern and upscale amenities of a hotel with the old-world charm and care of the bed and breakfast experience. For this, and many other reasons, we are excited to be offering this very viable Inn with 10 well-appointed accommodations.

Guest Rooms: 
10
Private Baths: 
10
Year Built: 
1885
Year Remodeled: 
2022
Square Footage: 
8,401
Realtor
Realtor: 
Eben Viens
Realtor Phone: 
802-257-2360
Realtor Toll Free Phone: 
877-957-2360
Realtor Web Site: 
Eben Viens