Month: November 2015

“How long has it been on the market?”

We hear that question frequently. In the world of residential real estate, it’s not only common, it’s often relevant to the deal. But not in the lodging industry. Why? It’s simple. Because buying a lodging business (or any type, really) is a discretionary purchase. Most people don’t have to buy a lodging property. Many people …

“How long has it been on the market?” Read More »

Lifestyle vs Feasible vs Financially Viable…Which is Right For You?

In this industry we talk a lot about the lifestyle of being an innkeeper. But we also refer to the various types of businesses (inns/B&Bs, etc) as lifestyle, feasible or financially viable. Each of these are still a lifestyle, but there are various categories that generalize the level of revenue an inn might produce. “Financially …

Lifestyle vs Feasible vs Financially Viable…Which is Right For You? Read More »

Adding a 6th guest room at Clark Point Inn in Southwest Harbor, Maine

Clark Point Inn is a lovely, water view 5 room bed and breakfast in Southwest Harbor, surrounded by Acadia National Park. The inn is typically open an extended season of about 10 months and they have a strong business for a small inn. Adding a 6th guest room would allow owners to increase revenue quite …

Adding a 6th guest room at Clark Point Inn in Southwest Harbor, Maine Read More »

Snowmobiling in Maine!

Ahh, snowmobiling!  Did you know that Maine has over 14,000 miles of trails? 3,500 of that is part of the ITS (the Interconnected Trail System)! From mesnow.com: Maine’s snowmobile trails exist because people who loved to ride realized that in order to keep a winter trail system open landowner permission needed to be obtained, funds …

Snowmobiling in Maine! Read More »

New Price on Atlantic Birches Inn in Old Orchard Beach, Maine

The Atlantic Birches Inn is now offered at $799,000. 10 guest rooms with private baths (in two buildings, the historic John Calvin Stevens Queen Anne and a 1940s bungalow style cottage), almost an acre and just steps to the famous pier and miles of sandy beach! For more details visit the listing page on my …

New Price on Atlantic Birches Inn in Old Orchard Beach, Maine Read More »

Aspiring Innkeepers: Interested in Controlling Your Own 401K?

What if you could invest your 401k funds into your own business? It could potentially make a big difference in what you can afford to buy if your only source of downpayment had been from the equity in your home. If you’re interested in learning more about this option, and we are seeing it become …

Aspiring Innkeepers: Interested in Controlling Your Own 401K? Read More »