Boone Trace Inn
Pineville, KY
Offered for sale at $595,000
High end boutique hotel in the Appalachian mountains. Please see facebook page, or go to www.boonetraceinn.com
Property is 3000K sq ft, and has 7 bedrooms and 2.5 bath, with 2 family rooms, and a full kitchen, and laundry room with washer and dryer. Remodeled and gorgeous.
This property generated 20K a year steadily, with no advertising or marketing, only through Airbnb. An Elk lodge resort center is being built in the area, that will be complete in 2024. This is comparable to Dollywood, so occupancy rate will be 100% when this occurs.
Financial Details- Offered for sale at $595,000
- Occupancy Rate: 50%
- Average Daily Rate: 120.00
- Annual revenue is $20,000
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