Travelers are increasingly out of luck as bed and breakfast inns across the country revert back to being private homes.
"In a side effect of the real-estate boom, scores of traditional bed and breakfasts are closing down as new buyers turn them back into private residences. Behind the vanishing inns is a simple equation: Many B&Bs are worth more as properties than as businesses. And with the real-estate market showing signs of softening, innkeepers now have an immediate incentive to sell out and reap a windfall."
"Rising interest rates have also made it more difficult for innkeepers to pay the monthly mortgage and still turn a profit by renting rooms to weekenders."
[Editor's note: Although this article is only available to WSJ subscribers, it is available to Planetizen readers for free through the link below for a period of seven days.]
Read the full story: The Endangered B&B
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