The Maine Hospitality Market – Why Now Remains A Good Time To Buy

2022 WAS ONE OF THE BEST YEARS ON RECORD FOR HOSPITALITY SALES…AND THE OUTLOOK FOR 2023 AND BEYOND IS BRIGHT! The past several years have been unprecedented…marked by the Pandemic, international unrest and a fluctuating financial market. And for good reason, this has caused some pause for many new buyers considering a transition into the

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What about Financing Metrics?Cap Rates, GRM, DCR, RevPar, ADR, COC, oh my!

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

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Matching the Right Buyer with the Right Property!

It might have taken a few years or so, but I managed to find Scottie and Dedra just the right full service inn with a restaurant and we closed on 1/28/25! Former owners Jaye and Michael contacted me back in February 2024 about listing the inn. During that initial Zoom call, I said “I think

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National Association of Realtors Recent Litigation…

The National Association of Realtors recently entered into an agreement to settle a lawsuit. The basis was around what was assumed to be price fixing of commissions and lack of transparency on who pays those commissions. The lawsuit pertained to residential listings, not commercial. However, all listings are now subject to the new rules around

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When An Inn Has A Restaurant…

A Full Service Inn – Often buyers are concerned with the risk associated with purchasing a restaurant because of low profits, high staff turnover, and high food costs, and so on. But when that restaurant business is supported by a strong lodging component, then the restaurant becomes less of a concern, and more of an

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Looking for a Wedding Venue Business?

Check out this Confidential Midcoast Venue and Catering Company with Owner’s House and Substantial Equipment (including mobile catering equipment) Solid reputation, solid business, experienced owners, and a very substantial equipment list (for onsite and offsite catering, vehicles included). Check out the images below of some of the equipment that conveys. Property information and financials shared

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