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For Sale! The Antique Train Hotel


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#1 George K

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Posted 02 August 2016 - 06:26 AM

http://www.innshoppe...?ListingID=3581

$850K

2.62 acres just outside the quaint tourist destination Sequim, Washington. One-of-a-kind train themed B & B. Nine cabooses, six of which have been completely re-modeled using top quality materials. Each has a different theme (Wine Country, Wild West, Orient Express etc.). Gorgeous 1937 Silver Eagle dining car with large commercial kitchen. The three unconverted cabooses can be renovated by the seller for an agreed upon price. Seller has been constantly upgrading the property (including duck pond with resident ducks!) since 2000. There is profitable cash flow and huge potential to double current income ;e.g. owners do not aggressively market the property and do not keep it open all the time. They have been approached by local organizations to rent the space but have chosen not to. Open dining car for high-end lunch business...Lots of possibilities in this friendly, welcoming community (where the rainfall is the same as L.A.!).Purchasers must be pre-qualified. No seller financing.

If you are a train enthusiast and/or have dreamed of operating an unusual B&B in a community that is engaged, diverse, welcoming and growing on the stunning Olympic Peninsula, this successful concept may be your ticket..

 

Many photos here: 

http://www.redcaboos...m/cabooses.html


4/1/1955 - NYC "Pacemaker" - NYP to CHI 

9/14 - EB - CHI to PDX , CS - PDX to EMY, CZ - EMY to CHI

3/15 CONO - Round trip 

9/15 CL CHI to WAS, Acela WAS to BOS, LSL BOS to CHI

11/15 CONO - Round trip

5/16 EB - Round trip

12/16 CONO -  Round Trip

5/17 EB - Round trip

10/17 CONO - Round trip


#2 norfolkwesternhenry

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Posted 20 October 2016 - 09:45 PM

if I had 900+ K I would do it (little wiggle room). They say it is "highly profitable", so more train trips!

Empire Builder MSP-CHI (2) CHI-MSP (2) MSP-PDX (1) MSP-CBS (5.5 H late) (1) MKE-MSP (1) MSP-SEA (1) Coast Starlate PDX-EMY (1.5H late) (1) California Zephyr DEN-SLC (1H late) (1) Hiawatha CHI-MKE (1) NE Regional WAS-BAL (1) WAS-NYP (1) Acela Express BAL-WAS (1) BOS-WAS (1) Late Shore (Limited service) CHI-BOS (On Time) (1) Capitol Limited WAS-CHI (1) Texas Eagle SAS-CHI (1) Wolverine DET-DER-ARB-CHI (35 Min late) (1) Cascades SEA-VAC (1)
Non-Amtrak: VIA: Corridor Service Q.C.-Montreal-Ottawa-Toronto-Windsor (1) Canadian: VAC-Winnipeg 4.5 H late (1) D. C. metro, Montreal Metro, Toronto subway, Portland streetcars, BART, Metra, NYC subway, Boston subway, Twin cities Blue/Green line
train cars travelled in: Superliner: Coach, Sleeper, Diner, CCC, SSL. Amfleet: LD Café, Café/Business, coach. Viewliner: Sleeper, Diner. Acela: Café, Business, quiet car. Horizon: Coach. Talgo: coach, diner, café; non Amtrak: ex CP Via Canadian Manor cars, Park car, diner,sleeper, Skyline lounge. LRC trainset: coach (tilt de-activated)


#3 Devil's Advocate

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Posted 21 October 2016 - 06:37 AM

That place has been on the market for quite a while now.  My guess is that the owners are struggling with the realization that just because you spent a lot of time and money on a personal hobby doesn't mean the cost and effort to you is baked into the value for someone else.  "Profitable cash flow" could mean almost anything, but the fact that it's been on the market this long doesn't bode well for the financials.


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#4 Metra Electric Rider

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Posted 21 October 2016 - 01:21 PM

That place has been on the market for quite a while now.  My guess is that the owners are struggling with the realization that just because you spent a lot of time and money on a personal hobby doesn't mean the cost and effort to you is baked into the value for someone else.  "Profitable cash flow" could mean almost anything, but the fact that it's been on the market this long doesn't bode well for the financials.

 

What IS the market time for small hotels and inn's? (serious question)


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NSB- Bergensbanen, Kongsvingerbanen, Rørosbanen, Dovrebanen, Flåmsbana, Roa–Hønefossbanen

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#5 Seaboard92

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Posted 22 October 2016 - 09:26 AM

The only car I would want out of that whole collection is the dining car. And that is assuming it's in good shape

View my pictures at http://trainboy1.rrpicturearchives.net

Amtrak Routes I've riden: Silver Star(NYP-ORL), Silver Meteor(KIS-NYP),Carolinian(CLT-NWK), Palmetto (FLO-NYP), Acela(WAS-NYP), NE Regional(WBG-RVR), Pacific Surfliner(SAN-OSD), Piedmont(CLT-SAL), Crescent(NYP-CLT), Cardinal (WAS-CHI), Capitol Limited (CHI-WAS), Cascade (PDX-SEA)

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#6 Anderson

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Posted 24 October 2016 - 01:29 AM

Eh, considering how much of a niche this is and the fact that even some homes don't sell quickly, I'm not surprised it's taking a bit to sell.  With that said, I'd sure be curious to see the financials on it.


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