Inn Brokerage Blog
New Mid-Coast Maine Motel for Sale with Separate Owner’s Home
This immaculate, well maintained 13 unit motel offers a strong business with room to increase both occupancy and rates. Separate owner’s home with fireplace, 3 bedrooms, 1 bath is an added bonus! Offered at $525,000. Visit the listing page on my website for more details.
New Maine Listing! Prominent Mid-Coast Location and Strong Business
Ten rooms, spacious owner’s quarters, strong business, prominent location in a destination location. For more details, visit the listing page on my website.
SOLD! Martin Hill Inn, Portsmouth, NH
Congratulations to my clients and new innkeepers, Russ & Meg and to my colleague Rick’s seller, Margot. We wish you all the best in both of your future endeavors! martinhillinn.com
Mount Snow Vermont – PAII Regional New England Innkeeping Conference & Trade Show
We just returned from the New England PAII conference held at Mount Snow outside of Brattleboro, VT. This was my second PAII conference (my first was the annual held in Vegas, January 2013) and second time as a workshop presenter. We’re headed to Charleston, SC in January for the annual conference which should be a
The importance of using a local lender well versed in hospitality…
Would you go to a cardiologist if you’re having problems with a swollen ankle? Or take your watch to be repaired by a seamstress?Then why would you go to a lender who doesn’t deal in the hospitality industry? A little dramatic, yeah, but you get my point! There are many reasons to speak with local lenders when
SOLD! Towne Motel in Camden, Maine
Congratulations to the buyers, Katja and Siobhan and sellers, Rick and Jane! The B&B Team, Inn Consultants and Brokers was proud to represent both parties (Rick Wolf represented the buyers, I represented the sellers). We wish them all the best in the next phase of their lives!
I’m often asked “How’s the B&B market doing?”……….
The commercial and residential real estate markets are two different animals. Commercial real estate relies on valuation based on the performance of the business while residential real estate relies on the performance of the market, or what the buyer is willing to pay and can afford to pay. We’ve heard for years now that the
New Listing! Wiscasset Motor Lodge in Wiscasset, Maine
Offered at $895,000, this is a financially viable business with plenty of room for potential. Visit my website for more details about this listing.
Pre-qualifying Commercial Buyers?
When we hear the question “have you pre-qualified your clients?” in a residential transaction it usually means that your buyer has been in touch with a lender, submitted their personal financial statement and received a “pre-qual” letter from the bank. This letter would state that based on the buyer’s financials and their job income, they
NEW PRICE! Victorian By The Sea in Lincolnville, Maine
Offered at $995,000 and reduced from $1,095,000. Visit my website for more details on this lovely inn!
New Listing near Acadia National Park! Clark Point Inn, Southwest Harbor, Maine
Clark Point Inn has 5 guest rooms, a desirable location and very nice harbor views! More details are on my website.
NEW listing in Portland, Maine! Inn on Carleton in the West End
Located in the desirable West End historic district of Portland, this inn offers a financially viable business, a beautiful outdoor living space, a stellar reputation and lovely interior guest and owner’s space. Offered at $1,575.000. Visit my website for more details.
New Listing! Financially viable, attached owner’s home, great in-town location in Camden, Maine!
The Towne Motel in Camden, Maine, offered at $1,395,000 and the financials support the price. Details are on my website.
Gross Income Should Not Include Lodging Sales Tax When Talking Value!
When our guests pay for their full stay, we include our local state sales tax. How this translates in accounting terms is that the cost of the room is revenue earned and the state lodging sales tax is a liability. The tax is not ours to keep, it’s ours to pay to the state each
P&L vs. the Corporate Tax Return: the Tax Return Is KING!
COUNTRY INNS BED AND BREAKFASTS HOTELS AND MOTELS COTTAGES AND CABINS the LODGING & HOSPITALITY BUSINESS… Each of these income producing lodging businesses is just that, a business. And let’s face it, when it comes time to prepare the business’s tax returns, we naturally try to deduct as many expenses as we legitimately can to reduce