http://www.luxist.com/2010/11/10/albemarle-house-gets-major-price-cut-again/ Luxist Comments for Albemarle House Gets Major Price Cut, Again http://www.luxist.com/media/feedlogo.gif http://www.luxist.com en-us Copyright 2013 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/http://www.luxist.com/2010/11/10/albemarle-house-gets-major-price-cut-again/http://www.luxist.com/2010/11/10/albemarle-house-gets-major-price-cut-again/
I'm sure after looking at the pictures you could easily charge $1,000 a night per room at Albermale, and this is a delightful small enough place it would probably be full year-round.

Places like Blantyre in Lenox, MA. and San Ysidro Ranch in Montecito, CA. are small and quite successful, and gorgeous places to have weddings too.
I think the small very high-end properties (b&b's of the incredibly luxurious type) are so appealing compared to the larger 5 star hotel chains with their 200-300 rooms and cookie cutter approach.]]>Nov 10th 2010 9:57PMhttp://www.luxist.com/2010/11/10/albemarle-house-gets-major-price-cut-again/http://www.luxist.com/2010/11/10/albemarle-house-gets-major-price-cut-again/
The lovely Blantyre you cited was purchased in the early 1980's for a pittance by the Fitzpatrick family. That small capital cost makes a huge difference in operating an Inn either in the red or black.

With Albermarle and an asking price of 4 times that of Glenmere and then million more to bring it up to code for commercial purposes, no where near an urban (and with it financially accomplished) center to feed it with would-be guests, and quirky architecture by Easton who is no Carrerre & Hastings it all adds up to financial ruin should someone have plans to buy it to be an Inn.

That's why Elm Court (Lenox, MA) fell through when on the market for $16M as a very public example of overpaying for a boutique site. It's also why the spa/inn/wedding site of Mepal Manor / Gedney Farm in the Berkshires has remained unsold for several years.

There are numerous grand old estates throughout the US serving an Inns with weddings - all charging a premium - and struggling to get by despite having been purchased for tremendous fractions of what Albermarle is listed for. The math simply isn't there to buy effectively a multi-million dollar business which generates only thousands of dollar of profit. ]]>Nov 10th 2010 11:44PMhttp://www.luxist.com/2010/11/10/albemarle-house-gets-major-price-cut-again/http://www.luxist.com/2010/11/10/albemarle-house-gets-major-price-cut-again/Nov 11th 2010 1:10AMhttp://www.luxist.com/2010/11/10/albemarle-house-gets-major-price-cut-again/http://www.luxist.com/2010/11/10/albemarle-house-gets-major-price-cut-again/Nov 11th 2010 1:35AMhttp://www.luxist.com/2010/11/10/albemarle-house-gets-major-price-cut-again/http://www.luxist.com/2010/11/10/albemarle-house-gets-major-price-cut-again/Nov 11th 2010 1:39AMhttp://www.luxist.com/2010/11/10/albemarle-house-gets-major-price-cut-again/http://www.luxist.com/2010/11/10/albemarle-house-gets-major-price-cut-again/
And yes, Carrere & Hastings did a FABULOUS JOB at Glenmere!]]>Nov 11th 2010 12:48PM