B&B in St George, Utah

[Sofia Sharkey]

Hello BP community,

I am in the early research stages considering St George (southern Utah) for my next investment.

I’m looking into opening a bed and breakfast business, ideally with an event space. My current experience is in short term rentals so this is a way to expand that knowledge and acquire a larger piece of real estate.

I’ve been reading about the demographics in St George and wonder what types of events have demand for lodging and a larger area, yoga and healing retreats come to mind.

As far as the real estate, I imagine I would be making a switch from residential to commercial, right?

Any information regarding the demand / supply for b&bs in that area would be appreciate it as well as any regulations I need to keep in mind for this kind of business. I am brand new to the Utah market so still have lots of leaning and connections to make.

Happy to provide more details as needed.

I’d be looking to buy the real estate in the first quarter of 2021.

Thank you!