The Gallery Inn is located at 1850 Florida Ave NW. Thanks to a reader for sending in the tip that Gallery Inn had recently hit the market. It’s going for $2,100,000 and the remarks are:
“Profitable Hotel/Inn with 8% CAP Rate, Charming all brick hotel at the busy corner of 19th and Florida in Adams Morgan, just a few short blocks from Dupont Circle and metro. 8 Units, upper floor units feature lofts, Perfect for Owner/Operator or Investor, Existing SBA financing is assumable, Leaseback Possible.”
It seems like lots of bed and breakfasts have been going for sale lately.
The reader thought it would be interesting to ask where people’s favorite Bed & Breakfasts / Inns / Hostels are in DC. We looked at some of your favorite B & Bs back in April ’08. For those who missed that conversation – do you have any favorites for friends and family to stay at while visiting DC?