MICHIGAN: SUN.-TUES., Oct. 28-30/GRAND RAPIDS: The 31st Annual Innkeeping Conference ofMichigan Lake to Lake B&B Association will be held at the Doubletree by Hilton in Grand Rapids. There will be an New and Aspiring Innkeepers Workshop offered on Sun. Oct. 28th from 10:30 to 4:00. I’ll be exhibiting at the conf. PAII: TUES-THURS., JAN. 15-17, 2019/LAS VEGAS, NV: The 31st Annual Professional Association of Innkeepers International Conference will be held at Wesgate Resort & Casino. There will be a New and Aspiring Innkeepers Workshop offered on Sun.& Mon. Jan. 13-14.
MICHIGAN: SUN.-TUES., Oct. 28-30/GRAND RAPIDS: The 31st Annual Innkeeping Conference of Michigan Lake to Lake B&B Association will be held at Doubletree by Hilton in Grand Rapids. There will be an New and Aspiring Innkeepers Workshop offered on Sun. Oct. 28th. I’ll be exhibiting at the conf. PAII: TUES-THURS., JAN. 15-17, 2019/LAS VEGAS, NV: The 31st annual Professional Association of Innkeepers International Conference will be held at Wesgate Resort & Casino. There will be a New and Aspiring Innkeepers Workshop offered on Sun.& Mon. Jan. 13-14.
In March, 2017, Dan & Amber Genzink bought my Heritage Manor Inn/The Hop & Vine Inn Fennvile, MI listing In November, 2015, I assisted Al Heminger (2012 Michigan B&B Association Innkeeping Seminar Graduate) and his brother Tim in the purchase of the Twin Gables Inn/The Hotel Saugatuck, Saugatuck, MI. In August, 2014, Bob & Ellen Alderink (2013 Michigan B&B Association Innkeeping Seminar Graduates) bought my Ludington House B&B listing , Ludington, MI. In May, 2013, I assisted Al & Kara Heminger (2012 Michigan B&B Association Innkeeping [...]
The following Michigan inns have sold: The Inn at Big Bay Point Lighthouse, Big Bay; S. Cliff Inn, St. Joseph Hotel Nichols, South Haven; Ivy Inn, Saugatuck; Hexagon House, Pentwater; Lamplighter Inn, Ludington; Victoria Resort B&B, South Haven; Heritage Manor Inn/The Hop & Vine Inn, Fennville.
The Inn Broker, Inc is the premier B&B broker between the Rockies and Appalachian Mtns. I can help you locate the Michigan inn of your dreams. Don't waste your time contacting local listings directly. I can set up an itinerary of inns to visit for you. We usually discuss this itinerary of visits beforehand so you have a better idea of what you're going to learn on your visits. I track most of the B&Bs and inns that are listed [...]
Loyal customers should be rewarded! If a B&B buyer will exclusively use the Inn Broker, Inc. in the purchase of one of my $1M+ featured listings, they will receive a $5,000 Loyalty Incentive payment at closing! The Loyalty Incentive is $2,500 for my featured listings that are sold at less than $1M! The Loyalty Incentive for non-featured listings (another broker’s listing) is $2,500 for $1M+ listings & $1,250 for listings below $1M. Let Bob Fuehr put his 28+ years of [...]
When I started the Inn Broker, Inc. in 1990, B&B sellers did all the financing for buyers. At that time, banks thought B&Bs were a fad. In the next decade, banks were more willing to lend on inns. Within the last few years, there have been a number of totally seller financed sales. The sale becomes greatly simplified by limiting the parties to just buyer and seller with no lender. This also usually provides a lower downpayment and better loan [...]
While buying a B&B is a lot like buying a house, there are some differences. If you’re more than 6 mos. from making your move, you should be reading the B&B books and magazines, attending a B&B seminar, visiting B&B’s as a guest, vacationing in your area of interest, and volunteering your time at a local B&B to experience the "feel" of innkeeping. Once you’re within 6 mos. of moving, you should put your house up for sale and begin [...]
Bob Fuehr, The Inn Broker, Inc. works in Michigan as a seller’s agent or transaction coordinator, should I, as a buyer, be represented? Yes, you should be represented by expert counsel- such as an attorney, appraiser, accountant and home inspector. These professionals should be providing professional advice from which should assist you in making a business decision on the purchase of an inn. Real estate agents should not offering advice in those areas unless they have some specialized training or [...]
Most innkeepers have some type of supplemental income in addition to their B&B income. Since many inns average 20-40% occupancy, there are many low season opportunities to have outside commitments. In an average setting, most inns won't cash-flow if they are less than 5 or 6 rooms. However, bear in mind that a large portion of your daily overhead expenses such as mortgage, insurance, utilities, phone, etc. can be paid for by pretax income from the inn which results in [...]
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