Located on just shy of 3 acres perched high above Frenchman Bay, Inn at Bay Ledge has such an incredibly unique waterfront and cliffs that lead down to the shoreline. The inn offers 12 guest rooms with ensuite baths. The common spaces are plenty and include a large porch with plenty of seating, an in […]
Just Listed in Bar Harbor! Read More »
The 1802 House Bed and Breakfast Inn is a historic, independent property in the beautiful seaside town of Kennebunkport Maine. The house is of original Colonial design and as the name implies, was built in 1802. Extensions were added over the years, and in the 1990s it was converted into the charming bed and breakfast
Just Listed in Kennebunkport! Read More »
So many financial terms….do you understand what you’re looking at? Your first step, other than working with me as your investment specialist, is to understand the metrics. GRM: GROSS REVENUE MULTIPLIER DCR: DEBT COVERAGE RATIO 8 CAP: 8% CAP RATE COC: CASH ON CASH ADR: AVERAGE DAILY RATE RevPAR: REVENUE PER AVAILABLE ROOM OCCUPANCY (ANNUALIZED
What about Financing Metrics?Cap Rates, GRM, DCR, RevPar, ADR, COC, oh my! Read More »
The Maine Tourism Association just announced: In recognition of Maine Tourism Association’s 100th year, the association has unveiled a new logo to be used in 2022. The logo is a version of MTA’s new primary logo unveiled last fall. The centennial logo acknowledges the milestone with the zeros in the “100” overlapping to create a pinecone
Maine Tourism Association reveals a new logo! Read More »
This image is just a partial compilation of our 2021 hospitality sales. Our team was on fire and so were buyers! This is Maine, can you blame them for wanting to buy a hospitality business here? We can’t either! Covid caused people from more populated areas to want to move to Maine, with more open
How Did Covid Affect Hospitality Brokerage and Tourism? Read More »
Back in October of 2020, I provided an update on the lending climate during the pandemic. There are no shortage of inn buyers or sellers these days. It’s almost as if the pandemic has placed an opportunity to hit the reset button, giving many a reality check of what’s important. But are the banks lending?
The Lending Climate for Lodging/Hospitality Properties During Covid – Updated Read More »
As a home buyer, you understand what it means to qualify for a home loan, your salary has to cover your current debt and a new house mortgage. The bank wants you to be within a certain debt to income ratio. Pretty simple. With buying a lodging/hospitality property, if you are leaving your job, how
A frequently asked question: how do I qualify? Read More »
Wow, this is long overdue, it was August when I last posted on my blog… It’s certainly not that there isn’t anything to talk about! It’s just time. You know, that precious thing we don’t ever have enough of. So what’s been happening? SALES AND NEW LISTINGS! The Spouter Inn in Lincolnville was just listed.
Is it almost December? WHERE has the time gone? Read More »
Growing pains are a good problem to have. It’s time I brought someone on to help me. Allow me to introduce Diane Pace. Diane is the former owner of The Lighthouse Inn, York Beach and current owner of West End Inn in Portland. I met Diane when I listed her inn in 2018. I then
So much has been happening! Read More »
What makes your inn unique? What makes your inn memorable? What makes your inn marketable? A strong USP. Your Unique Selling Proposition. Any time I speak about the Norumbega Inn in Camden, inevitably the response is “OH, the castle, I know that one!”. Norumbega is an architectural wonder! I personally know from my inn ownership, how important
UNIQUE SELLING PROPOSITION: What is your USP? 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.
