Offered at $1,150,000, Craignair Inn is a mid-coast waterfront inn built in 1928 and was given a 2008 “FODOR’S CHOICE” rating.
The room revenue is very solid with a nice supplemental revenue stream from the inn’s restaurant and the chef has expressed interest in staying with the inn and new owners. This could be an ideal property for the creative type – there are many options not often found in a property with so many redeeming qualities: it’s situated in mid-coast Maine (making it very accessible to many travelers whether coming into Boston, Portland or Bangor); mid-coast Maine is also seeing an increased volume of off-season visitors making this a wonderful spot to market to those looking for a quiet getaway in the winter, particularly for the Boston weekend getaway traveler and with the bar/restaurant license); new owners could offer a weekend classic country-inn-style champagne brunch open to the public as well as to guests; the inn’s spot at the end of a granite causeway with no thru-traffic is a wonderfully secluded spot, yet just 15 minutes to Thomaston. The inn enjoys water frontage with a beautiful view with many areas to relax and unwind on a deck to absorb it all in. And for those who are looking for fewer rooms than 21? The setup is such that many of the rooms could be combined to create small suites, therefore limiting your number of rooms but increasing the ADR. This is really a wonderful place and worth taking a look at! I’ll be posting new photos later this week and will be very excited to share them.