Wednesday, September 16, 2009

NEXT!

As expected, our counter offer to the sellers was rejected. The other buyers "win" the property and we "lose". Sad as it may be, this isn't exactly heartbreaking given all the issues surrounding this particular inn. The good news is that there are now TWO new inns on the market that we are interested in seeing. One we have already referred to in a previous post, and the other is an inn in Calistoga. The Calistoga inn (which is different from the other inn that we looked at there) is interesting because it is a 5 bedroom b+b with 7 one bedroom apartments that they rent as monthly rentals. Those 7 apartments are already licensed for renting as part of the b+b if the owner should so desire for a total of 12 rooms. Perfect! I think we'll be making another trip out west soon to see these two properties. And there's even a good deal to SF on Virgin American to boot!

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