Bed and Breakfast Inn
A bed and breakfast (of B&B) is a small lodging establishment that offers overnight accommodation and breakfast, bust usually does not offer other meals. Since the 1980’s, the meaning of the term has also extended to include accommodations that are also known as “self-catering” establishments. Typically, bed and breakfasts are private homes with fewer than 10 bedrooms available for commercial use. Generally, guests are accommodated in private bedrooms with private bathrooms, or in a suite of rooms including an en suite bathroom. Some home have private bedrooms with a bathroom which is shared with other guests. Breakfast is served in the bedroom, a dining room, or the host’s kitchen.
B&Bs and guest houses may be operated either as a secondary source of income or a primary occupation. Usually the owners themselves prepare the breakfast and clean the rooms, but some bed and breakfasts hire staff for cleaning or cooking. A property which hires professional management is uncommon (unlike inns or hotels) but may exist if the same owner operates multiple B&Bs.
At Foss Consulting Group, we have dedicated commercial appraisers focused on commercial appraisals of all hotel property types, such as bed and breakfast (B&B) properties. Please contact us for any bed and breakfast appraisal services.