Year: 2012

A look at 2012 in the hospitality brokerage industry

As I look forward to 2013, I can’t help but to take look back at what took place in 2012, with my buyers, sellers and our industry in general. Between May to December, I closed on 1802 House Inn in Kennebunkport (represented the seller), Towne Motel in Camden (represented the buyer) and Noble House Inn …

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Are buyers ready to make the hospitality leap?

I’ve been working with several clients for a while now who really want to get into this business. So what’s stopping them? It seems that fewer prospects are putting their homes on the market before making offers on a lodging/hospitality property. This is, after all, a discretionary purchase. They don’t have to sell their house, …

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USA Today reports: Tourist towns transformed as retirement destinations

Retire to Maine, not the Southwest or Florida? Absolutely!  USA Today takes a look at Camden, Maine as a wonderful retirement destination. There are so many reasons to love Maine: For the years that I’ve been in coastal Maine (since 2004), I’ve always thought our weather was milder than most people assumed. Boston seems to …

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New Listing! The Maples Inn, Bar Harbor

The Maples Inn, Roberts Avenue, Bar Harbor Maine This lovely 6 room bed and breakfast sits on a quiet residential tree lined side street between Mount Desert Street and Cottage Streets, in a prime location in Bar Harbor. The inn does a strong seasonal business from about 5 1/2 months late May to mid-October. All …

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Changes…

As of today, I am now a part of The B&B Team out of Kennebunk, Maine! I spent the past four years with The Swan Agency Sotheby’s International Realty and appreciate everything I learned while affiliated there, and everyone I worked with. Sometimes we have to force ourselves to make changes, to grow, even if the choice …

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Often my sellers will provide me with information about their area. I’ll admit, I know a LOT about Maine, but I can’t possibly know all towns as well as my clients – they LIVE there. Noble House Inn has done a nice job with showing guests (and buyers/aspiring innkeepers looking for property) what Bridgton has …

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Listings Priced Based On Income…

If you’re looking for inns that the bank will be more than pleased to lend on, Noble House Inn in Bridgton and Wild Iris Inn in Portland offer some of the strongest numbers around. We talk about gross rent multipliers quite a bit in this business and these are two sellers who have the numbers …

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