Inn Brokerage Blog
As a lodging and bed and breakfast broker I wear many hats…What’s really involved in a commercial deal?
Clients texted me a few weeks ago and during our exchange of texts they acknowledged (and fully appreciated) my role not only as broker/advisor, but as a counselor, coach, cheerleader, human resources director, business consultant, financial services advisor, restaurant and wine advisor (okay, not really imperative) but you get the point! And I’ll add ‘puzzle
Claddagh Motel in Rockport, Maine sees steady, very strong increases in revenue!
The financial performance of Claddagh Motel in Rockport, Maine is so strong, the owners are obviously doing things right. They’ve seen a steady increase in the past several years: up 6% from 2011 to 2012, 16% increase from 2012 to 2013 and then another 15% from 2013 to 2014. 2014 has been their best year
New Price on Abbington’s Seaview Motel and Cottages in Lincolnville, Maine
Just a few miles from Camden and Lincolnville Beach, Abbington’s had previously been offered at $299,000 PLUS $75,000 for the two vacant lots. Now the vacant lots are included in the list price of $299,000! The two parcels are shown below (not to scale) and serve as a buffer between the adjacent properties. Units can
Sharing my client’s excitement…..
Just the other day I brought a buyer and seller together with a signed purchase and sale agreement for a lovely inn in Bar Harbor. After I sent over a copy of the ratified contract to the buyer, the image below appeared in the body of their response email and it just made me smile.
New Listing! Jolly Drayman Pub and Briar Lea Inn near Sunday River in Bethel, Maine
Located just a few miles from Sunday River Ski Resort, Briar Lea Inn and the Jolly Drayman Pub have been hosting guests for years. The wood-clad English style pub is open from 5-9pm and serves comfort bar foods, making it manageable for a new owner who enjoys cooking but might not be an experienced chef!
WHY buy in Maine? Just take a glance…!
SO MUCH BEAUTY! To see more Maine photos, view my Picasa albums!
SOLD 10/20/14! Pine Grove Cottages in Lincolnville, Maine!
I’m thrilled to congratulate buyers Garry and Barbara Schwall (left) and sellers Patricia and Michael Salvo! Pine Grove Cottages has been hosting guests in midcoast Maine for years and we wish Garry and Barbara the best as they continue with the tradition. As for Patricia and Michael, they can enjoy some well deserved time off!
Every step of the way, ASK your broker!
I met with clients earlier this week to discuss moving forward on a bed and breakfast acquisition. Ironically, they were guests that stayed with my husband and I at our inn, close to 10 years ago (they picked our brain about the innkeeping business, apparently we were inspiring!). They told me it was something I
New Listing near Acadia National Park! Open Hearth Inn, Trenton
Open Hearth Inn in Trenton, Maine and priced right for a strong seasonal business! Great visibility, great location, great owner’s quarters. For full details, visit the listing on my website. Offered at $675,000
Be Yourself…
This morning I watched a really funny video by a firecracker North Carolina real estate broker, Leigh Brown. And aside from causing laughter, it also made me think. Leigh blogged about being yourself. And minus (most of) the borderline potty-mouth, controversial subjects and the great southern accent, I do just that. I’m out there for
Looking to get into a lodging property before the start of the season but don’t want to carry the mortgage over the winter?
Did you know that some lenders will offer seasonal mortgages, where you make 4-6 large payments through the busy season and no payments in the slow season? We have several banks here in Maine that have hospitality properties in their portfolio and will offer seasonal mortgages. These lenders understand the nuances of tourism in Maine
Three new listings in Maine are up!
All very different properties….something for everyone! Visit my website for more details.
SOLD 7/9/14! Inn on Carleton in Portland, Maine
Congratulations to Inn on Carleton seller Buddy Marcum and to buyers and new innkeepers, Leo and Patricia Mennitt! I was proud to represent both buyer and seller as a Disclosed Dual Agent in the transaction. We wish them all the best!
SOLD 6/24/14! Hawthorn Inn in Camden, Maine
Congratulations to buyers Ted and Lisa and sellers (and retiring innkeepers), Maryanne and Bill! A lovely inn, lovely transaction on all counts. I represented the seller, Rick Wolf, also of The B&B Team represented the buyers.
Looking for a decent paycheck as a lodging/hospitality owner?
If you had something in the $250k range to put down, could run a seasonal, 6 month business mid-coast Maine and realize a $100k cash flow, would you be interested? Contact me for details, I have a listing that offers a VERY strong performing business and are motivated sellers.