The Inner Circle Blog

Yes! You Can Get a Business Loan to Buy a Bed and Breakfast!

In a recent session on The Inner Circle, our exclusive hospitality buyer's and seller's platform, we spoke with experienced SBA Loan Officer, Ben Maffett, on how to buy a bed and breakfast, inn or boutique hotel in the current economic climate of Summer 2022. Great Opportunities Still Exist To Acquire Funding Ben pointed out that rates are going up significantly [...]

Why Should I Invest in Professional Hotel Photography if I’m Planning to Sell My Inn?

Expert hotel lifestyle photographers, Christian Giannelli and Beth Campbell, recently joined us on The Inner Circle for an exclusive interview to help our members understand how the right photos can substantially improve your bottom line. If you are considering listing your inn for sale, you’ll need a collection of photos to appeal to both the new buyer as well as [...]

2022-08-05T15:43:25+00:00Selling|

Sleep Satisfaction, Guest Satisfaction

Adults need seven to nine hours of sleep, but did you know that 70% of adults sleep less than seven hours? According to Rebecca S. Robbins, Harvard PhD, “Sleep organizes new information, leads to creative thinking, solidifies memories, regulates appetite, and keeps the body healthy.”  Westin Hotels conducted a study asking both leisure and business travelers equally to describe what [...]

5 Ways B&B Real Estate is Different from Residential Real Estate

If your mission is to become the owner of a hospitality property, it’s important to know how B&B real estate (commercial hospitality real estate) and residential real estate differ. Understanding the difference will help you clarify your goals and get you closer to achieving them. Here are five major differences: 1. B&B real estate is a commercial investment while owner-occupied [...]

How to be a Successful Entrepreneur in the Lodging Industry

By: Linda Hayes, ijk Partners So, what is an Entrepreneur? Let’s first define this person! A successful entrepreneur takes a basic concept and puts their twist on it to create a sought-after product or experience. They are creative, "out of the box" thinkers who thrive on exceeding the expectations of their audience. They seek qualitative knowledge from their audience and then [...]

COVID-19, An Historic Challenge

By: Eliot Dalton This is one of the most extreme times you are likely to live through. It is NOT business as usual. We know the world’s health and economy are being dramatically altered and that the hospitality/lodging industry is in a precipitous decline. We are currently in “survival mode” both with our personal and business health for at least [...]

3 Tips for Running a Bed and Breakfast Guests will Rave About

By: Linda Hayes, ijk Partners Are you looking for ways to improve your bed and breakfast business? Are you possibly planning to buy a B&B of your own? While all aspects of running a bed and breakfast will be of interest to you, here are three must-dos! The words OTA* and Book Direct are a familiar part of running a [...]

How do I finance a bed and breakfast?

Wow! That is a big question. Here is a short answer: If you are purchasing a bed and breakfast you will likely obtain financing from a bank. A small B&B with modest income is generally viewed as real estate: loan approval will be based on real estate value and your personal income and assets (your ability to repay the loan). [...]