"Loving Annie", while an interesting suggestion the math simply isn't there to make a profit. Glenmere (which had been a wedding site) was purchased for $8.5M by the partners and several million more poured in to make it a boutique hotel. The key to it being the geography as its very close in proximity to Metro NY. With that high of an investment even a 90% occupancy year round (which is totally impossible) would only yield a return many, many years later.

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.

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