Coastal North Carolina B&B Sold

The Lords Proprietors' Inn in the coastal town of Edenton, North Carolina, has been sold. According to an article in the Virginian Pilot, attorney Stephen Gunther bought the bed and breakfast and its restaurant for $270,000 at a recent auction. The previous owners had hoped to sell the inn and several other properties for a total of $850,000 but only received $707,000, despite the fact that the properties had been appraised for $2.2 million just two years ago.

Gunther said he plans to continue operating the Lords Proprietors' Inn as a bed and breakfast.

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