The Castle in the Country Bed and Breakfast derives its name from the original building (built in 1906) which was nicknamed “the Castle” by locals…who live in the Country around the Inn. This unique hospitality property specializes in romantic getaways in rural southwestern Michigan and provides the opportunity for a variety of wonderful guest experiences.
The first building (“the Castle”) is a lovingly restored Victorian mansion featuring much of the original decor, but with the modern touches one would expect for a luxurious retreat. The second, was started in the 1980s as an artist’s retreat and then grown to include multiple guest rooms, event spaces, and a full commercial kitchen to serve a small restaurant that was present at the time. The current owners have done extensive renovations to both, and now the Inn features 10 rooms/suites with WiFi, jetted tubs, fireplaces, king or queen sized beds, and private baths and all the amenities a discerning guest appreciates.
The property also includes 65 private acres with a private lakeshore frontage, and includes kayaks and paddle boats for guest use along with walking trails through the wooded estate are available for snowshoeing in winter and hiking in the summer. Screened gazebos, porches, and an on-site spa offer additional attractions for guests. Large event space and some currently underutilized studio & living areas present resources for additional revenue. Finally, the property is zoned commercial, so there is plenty of room for future growth and expansion.
This bed and breakfast Inn has shown consistent profits and excellent margins for many years. Recent performance shows that even more growth is possible, for both lodging and ancillary revenue streams such as weddings and events. Current marketing efforts have proven to be effective at keeping occupancy and ADR at very sustainable levels, and expense controls are in place that provide for a very healthy Cap Rate at the offered price of 10.4%.
The property also includes 65 private acres with a private lakeshore frontage, and includes kayaks and paddle boats for guest use along with walking trails through the wooded estate, which are available for snowshoeing in winter and hiking in the summer. Screened gazebos, porches, and an on-site spa offer additional attractions for guests. Large event space and some currently underutilized studio & living areas present resources for additional revenue. Property has a commercial zoning, so there are ample opportunities for expansion to additional revenue streams like glamping, cabin rentals, or equestrian activities in addition to the well-established romantic couple’s getaway experience the Inn has created.
Current business operations provide ample compensation for several long-term staff members, who are well-versed in day-to-day operations and have significant hands-on experience. They have interest in maintaining and even expanding beyond their current areas of responsibility, so off-site and/or investment-group ownership is definitely an option.
