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| | Inn | | 12 Guest Rooms / 12 Baths | Built in 1893, opened as an Inn, 1987 | | Private, walled courtyard & garden | Veranda facing famous Forsyth Park | | National Landmark Historic District | 11 fireplaces, cable, wireless Internet | | Guest rooms have individual HVAC | Potential to expand within footprint |
| | | | Assets | Established business with strong guest base and loyal staff. The Inn garners unusually high praise from its guests. The Inn is advantaged by its location in Savannah’s landmark historic district. Situated on a shady, tree-lined boulevard overlooking the signature fountain in Savannah’s thirty-acre “central park”, Forsyth Park, the Inn occupies a prime corner location in a high tourist-traffic area. | | | | | Location | Savannah is an international travel destination filled with elegant architecture, ornate ironwork, fountains and green primordial squares. A year-around destination, the city welcomes more than 6,700,000 visitors a year. | | |
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| | | | | | | | Current Operation | | 2007 | 2008 | 2009 | 2010 | | Ave. Daily Rate | $215 | $215 | $205 | $209 | | Occupancy Rate | 55.7% | 45% | 35% | 36% | | Room Revenue | $524,508 | $427,122 | $315,717 | $328,427 | | Gross Revenue | $547,372 | $448,672 | $346,666 | $382,266 |
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Future |
Opportunities exist to increase occupancy to the area-wide average and develop new income streams. New owners will likely want to extend current inn operations to include marketing to business and meeting guests, take advantage of the Inn’s unique location and courtyard to promote the Inn as a special event and wedding venue. Perhaps expand the number of guest rooms or the addition of a dedicated meeting/special event space to service board meetings and/or host small weddings and other special events.
| | Offering | $2,000,000. Cash or new loan. This is a turnkey sale. Furniture, fixtures and equipment used in operating the business is included in the sale.
| | For More Information | Contact Us
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Data prepared using information supplied by owner.
Prospective buyer should perform their own due diligence. |
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Forsyth
Park Inn
National Landmark
Historic District
Savannah, GA
“This was my second time staying [at the Inn] and once again everything was perfect! You have the Forsyth Park right across the street which is so beautiful… This is the only place in Savannah that I will ever stay. LOVE IT!” October, 2008
"We stayed 5 days in the Cottage at the Inn. The accommodations in the Cottage and the Inn were wonderful. The breakfasts in the parlor and on the porch were spectacular… We felt at home and well cared for which is what a good Inn is all about. This was the vacation I wished would never end.” September, 2008 “The Inn is a classic Victorian, beautifully appointed and immaculately kept. Our rooms were spacious and tastefully decorated. My wife said, "most comfortable and restful beds she has ever slept in away from home." The Inn was definitely the highlight of our time in Savannah and we would highly recommend it to anyone looking for a refined B&B experience.” March, 2008 |
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