Inn Brokerage Blog

Down Payment vs Earnest Money

What is the difference between the ‘down payment‘ and earnest money (sometimes referred to as EM or EMD – earnest money deposit) and when they are owed? Your EARNEST MONEY is a good faith deposit that is held in an escrow account to demonstrate to a seller your commitment to finalize the deal, and how

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Oxford House Inn – a Very Viable Business Opportunity

This thriving restaurant & inn offers a financially strong option for both investors and owner/operators alike! Built by the renowned Portland architect John Calvin Stevens, the Oxford House Inn sits in the center of downtown Fryeburg overlooking gorgeous farmland and valleys…and is perfectly centered between the Sebago Lake region and the bustling tourist destinations of

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Guest Registration and State Laws – pretty serious stuff!

As we continue to evolve with technology, more and more records are paperless, handled by email or automated systems and we just aren’t recording things on paper any more. I don’t know how many inns and lodging properties actually are aware of or adhere to this state requirement, but based on the potential penalty, they

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Just Listed in Bar Harbor!

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

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Just Listed in Kennebunkport!

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

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How Did Covid Affect Hospitality Brokerage and Tourism?

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

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A frequently asked question: how do I qualify?

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

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Is it almost December? WHERE has the time gone?

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.

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So much has been happening!

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

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UNIQUE SELLING PROPOSITION: What is your USP?

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

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NEW LISTINGS, NEW LISTINGS, NEW LISTINGS!!

It’s been a busy summer into fall this year!   New listings came on board (not driven by the pandemic, just coincidental):  Hartstone Inn and Hideaway, Lodging and Fine Dining in Camden, a confidential catering company in mid-coast, Oxford House Inn and Restaurant in Fryeburg, Captain Swift Inn in Camden, 76 Pleasant Street Restaurant in

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The Lending Climate for Hospitality During a 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? That’s the question on everyone’s mind. I closed one inn in February this year. Then Covid

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