The Portland Press Herald reports “Maine restaurants and hotels had a record-breaking year in 2016, bringing in more than $3.6 billion in combined revenue, a 7 percent increase! The record sales were driven by an improving economy, warm and dry weather, and Maine’s reputation as a place for food, drink and travel.” “My thinking on […]
Maine restaurants and hotels had a record-breaking year in 2016! Read More »
Down East Magazine held an online tournament for this year’s reader pick for the Best Place to Live in Maine…and the winner is? “YOU ONLY HAVE TO GO BACK A DECADE or so to reach a time when it may have seemed preposterous for Rockland to take top billing in a list like
Down East Magazine Names Rockland the “Best Place to Live in Maine” March 2017 Read More »
This wonderful historic inn designed by John Calvin Stevens just sold today. Congratulations to my sellers and to the new innkeepers. We wish them all the best!
SOLD! Atlantic Birches Inn in Old Orchard Beach, Maine Read More »
I was looking at some numbers this morning (despite it being a Sunday, my mind just won’t rest) and thought I’d share the general basis of determining value for hospitality properties. And this information is helpful to buyers and sellers. Here you first see a cash flow scenario based on three fictitious properties to see if
Understanding The Numbers Read More »
I’m connected to a lot of real estate agents all over the country through social media. And I am always watching the ‘market’ around the country through the eyes of my fellow real estate agents, just to have an understanding on what’s going on. Though much of what goes on in the residential ‘market’ doesn’t
Residential vs Commercial Real Estate: Two Entirely Different Animals Read More »
A stunning architectural gem in Bar Harbor transferred ownership today. Atlantean Cottage is a Fred Savage design built in 1903 as his personal residence. The Tudor Revival features classic half timbers, a buttressed front terrace and granite block foundation from a local quarry. Atlantean stands today as a reminder of Mount Desert Island’s rich history.
SOLD! Atlantean Cottage Inn in Bar Harbor, Maine Read More »
Beautiful 17 room inn, all spacious with private baths, most with fireplaces and decks and some with jetted tubs. Fantastic in town location, parking, seasonal operation, very strong numbers. Check out the listing page on my website for more details and contact me with any questions! Offered at $2,395,000
New Inn Listing in Bar Harbor! Read More »
This lovely historic inn offers 11 guest rooms with private baths, an in-town location, an attached owner’s house built in 2005 and a strong business in place. Check out the listing on my website for more details.
New B&B listing for sale in Camden, Maine Read More »
This is an all too common question I hear, followed by “is there something I should know?”. The short answer is there really aren’t any more inns on the market today than when I got started in 2008. Let’s not forget that tourism is one of Maine’s top industries (along with agriculture, manufacturing, fishing and
Why Are There So Many Inns On The Market? Read More »
Congratulations to Victoria, the new owner/innkeeper of the lovely and popular West End Inn and to sellers Deb and Scott. My colleague Rick Wolf represented the buyer and I represented the sellers. Today was a great way to start 2017! We wish them all well in the next chapter of their lives.
SOLD! The wonderful West End Inn in downtown Portland Maine! Read More »
The rates we have been seeing in hospitality lending in Maine for years have been relatively and historically low for commercial loans. However, they keep changing very quickly. Contact me to discuss current rates.
Not everyone who is a licensed real estate agent is a Realtor®?
A Realtor® is a licensed real estate salesperson who belongs to the National Association of Realtors®, the largest trade group in the country. Realtors® are held to a higher ethical standard than licensed agents and must adhere to a Code of Ethics. Some Realtors® are brokers, while some are associate brokers or sales agents. These are varying levels of education, licensing and often responsibilities.
And hospitality ‘Consultants’ or ‘Brokers’ who are not licensed in the state of Maine are not held to any standards the way we are here as licensed Realtors® in Maine, where consumer protection is paramount.
I am a REALTOR®, a real estate professional who has taken the extra step to belong to the National Association of REALTORS®. Through membership, I abide by a Code of Ethics and have gained expertise to help you navigate one of the most complicated and important transactions you’ll make in your lifetime.
