The current owners intend for the buyer to take over hotel operations.
The Joseph Ambler Inn in Montgomery Township is officially on the market after 40 years in business, according to LoopNet.com.
The listing price is $7.5 million, or $144,221 per room, and, according to the listing, the inn is not closing, rather the current owners are looking for a buyer to take over the operations.
The inn sits on 12-plus acres and is comprised of five buildings at 40,000 square feet with a total of 52 rooms, per the listing.
Joseph Ambler Inn has a full restaurant with a liquor license and outdoor and indoor seating for 200-plus people. It has a banquet hall and “multiple streams of revenue.”
Read more on the listing here.
The $2.1-million-assessed property at 1005 Horsham Road is zoned C-Commercial – Hotel/Motel Bed & Breakfast and owned by Ambler Joseph Inn Real Estate since a $1 property transfer in 2002, according to Montgomery County property records. The Allman family had purchased it for $275,000 in 1983 before the transfer.
