Own a Piece of Wallace’s History – Boutique Hotel Business for Sale
Business Description
Imagine owning a thriving business at the heart of a town that TIME forgot – but travelers can’t stop discovering. The Ryan Hotel is not just a property; it’s an experience. A 14-room boutique hotel nestled in a beautifully restored 1903 building, it sits in downtown Wallace, Idaho—a town so steeped in charm it’s been dubbed the “Center of the Universe.”
This turnkey operation is a rare find for visionaries seeking to combine lifestyle with profit. With two commercial spaces on the ground floor (both leased and one recently renovated), a private owner’s suite, and a boutique hotel with skyrocketing growth potential, you’re not just buying a property—you’re buying the opportunity to scale your dream.
Why It’s Perfect for You
Historic Charm Meets Modern Revenue Streams: At an average nightly rate of $130.58, this hotel boasts underutilized potential with current occupancy at 20.3%. Increase it to the industry average of 60%, and the math speaks for itself.
Unbeatable Location: Minutes from Lookout Mountain Resort and Silver Mountain Resort, surrounded by world-renowned hiking and biking trails (which attracts 170,000+ people a year), fishing rivers, and ski runs, it’s the perfect spot for year-round adventure seekers.
Steady Income Beyond Hospitality: Ground-floor tenants include a long-term utility company and a newly renovated office space leased to a Physician.
Unleash Its Full Potential
This isn’t just about lodging—it’s about selling the dream of Wallace. With its breweries, wine bars, festivals, and 6 museums, Wallace attracts visitors who spend—and come back for more. Over 3 million travelers pass through annually enroute to Glacier or Yellowstone National Parks.
Step into this once-in-a-lifetime opportunity to own and grow a piece of Wallace’s thriving tourism economy. Priced at $1,799,999, this property is more than just an investment—it’s a legacy.
What’s Included
REAL ESTATE IS INCLUDED:
Fully furnished, uniquely designed rooms
High-demand booking platform and a stellar online reputation (Google 4.6 stars)
An owner’s suite for onsite management or extra income potential
Ground floor, renovated laundry rooms which can be tenant space as well.
Don’t wait. Opportunity knocks, but it doesn’t wait forever. Contact us now to explore the possibilities and schedule a tour!
This turnkey operation is a rare find for visionaries seeking to combine lifestyle with profit. With two commercial spaces on the ground floor (both leased and one recently renovated), a private owner’s suite, and a boutique hotel with skyrocketing growth potential, you’re not just buying a property—you’re buying the opportunity to scale your dream.
Why It’s Perfect for You
Historic Charm Meets Modern Revenue Streams: At an average nightly rate of $130.58, this hotel boasts underutilized potential with current occupancy at 20.3%. Increase it to the industry average of 60%, and the math speaks for itself.
Unbeatable Location: Minutes from Lookout Mountain Resort and Silver Mountain Resort, surrounded by world-renowned hiking and biking trails (which attracts 170,000+ people a year), fishing rivers, and ski runs, it’s the perfect spot for year-round adventure seekers.
Steady Income Beyond Hospitality: Ground-floor tenants include a long-term utility company and a newly renovated office space leased to a Physician.
Unleash Its Full Potential
This isn’t just about lodging—it’s about selling the dream of Wallace. With its breweries, wine bars, festivals, and 6 museums, Wallace attracts visitors who spend—and come back for more. Over 3 million travelers pass through annually enroute to Glacier or Yellowstone National Parks.
Step into this once-in-a-lifetime opportunity to own and grow a piece of Wallace’s thriving tourism economy. Priced at $1,799,999, this property is more than just an investment—it’s a legacy.
What’s Included
REAL ESTATE IS INCLUDED:
Fully furnished, uniquely designed rooms
High-demand booking platform and a stellar online reputation (Google 4.6 stars)
An owner’s suite for onsite management or extra income potential
Ground floor, renovated laundry rooms which can be tenant space as well.
Don’t wait. Opportunity knocks, but it doesn’t wait forever. Contact us now to explore the possibilities and schedule a tour!
About the Business
- Years in Operation
- 100
- Employees
- 5
- Facilities & Assets
- Complete Room Furnishings: All 14 rooms are thoughtfully designed with comfortable beds, writing desks, eclectic chairs, and unique décor that blends vintage charm with modern convenience. A full inventory of high-quality mattresses, bedding, and linens to provide guests with a restful and stay.
Housekeeping Equipment: A complete set of cleaning tools, vacuums, and supplies to maintain the hotel’s pristine condition.
ResNexus Room Booking Software: Streamlined, user-friendly software to manage reservations and ensure seamless guest experiences. - Website
- https://www.hotelryan.com/
- Market Outlook / Competition
- Wallace’s hospitality market sees high demand, with The Wallace Inn, Stardust Motel, Brooks Hotel and airbnbs that all often booking up during peak seasons. These properties cater to different traveler needs, from modern amenities to budget stays. The Ryan Hotel stands out with its boutique charm and historic ambiance, appealing to guests seeking a unique, quieter experience amidst the bustling tourism scene.
- Opportunities for Growth
- Significant growth opportunities include increasing the current 20.3% occupancy to the 60% regional average, leveraging Wallace’s tourism boom. A new buyer can market the hotel as a boutique destination for festivals, outdoor adventures, and historic tours. Expanding partnerships with local businesses and enhancing digital marketing can boost visibility. Additionally, fully leasing the commercial spaces adds consistent income while diversifying revenue streams.
Real Estate
- Owned or Leased
- Owned
- Included in asking price
- Building Sq. Ft.
- 18,050
About the Sale
- Seller Motivation
- Owners are downsizing
- Transition Support
- The current owners are committed to ensuring a seamless transition and will provide up to 30 days of personalized training as needed. This includes guidance on daily operations, booking systems, and local partnerships, equipping you with the knowledge and tools to confidently take the reins of this thriving boutique hotel business.
- Financing Options
- Conventional, cash
Listing Info
- ID
- 2362393
- Listing Views
- 1765
Business Location
Listing ID: 2362393 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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