Prospective students of the University of Korvosa fill this large inn in the spring and summer months. During the school year, though, activity drops off sharply (usually just parents visiting their university students) and rooms are always available. The inn serves no alcohol in its attached restaurant, but it does have two small sitting rooms and a tiny but nonetheless diverse library (which includes Eidolon and other works of Cevil “Redwing” Charms, a noted scholar of Varisia).

At its peak time (Sarenith to Arodus), the inn charges a gold sail more than the city’s average, while at its slowest (Abadius and Pharast) it charges five silver shields less. Maybe as an attempt to acclimatize prospective students or simply because the owner has one as a familiar himself, the Wise Dragon harbors a handful of imps who formerly served as loyal familiars to students and faculty of the Acadamae. Unlike the free imps who live in the Shingles above Old Dock, these imps gained their freedom unintentionally when their former masters died.