Inn Brokerage Blog

A LOT HAS HAPPENED IN THE LAST TWO MONTHS!

I’ve been buried in new listing paperwork, but that is a good thing. More on the market from which buyers can choose. Before I get into those listings, the lender who closed my last inn deal said commercial rates are hovering just under or around 4.5%. I was floored. I had been quoting 5%, then

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Change is Good!

As of July 1, 2019, I am the Director of Lodging and Hospitality Brokerage for The Swan Agency Sotheby’s International Realty. I started my lodging brokerage career with Kim Swan in early 2008 when I obtained my Maine real estate license and listed my own inn for sale. Kim’s “Lodging Specialists” team were a small

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You know what the seller paid….OR DO YOU?

Understandably, many buyers while doing a bit of pre-offer due diligence may check public records to see what the seller paid. But what they see may not necessarily be the price the seller paid. WHAT? WHY? It’s because at the time of sale, the town only records what a party paid for the asset. The

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Two More Maine Inn Sales! York Beach and Portland, Maine…

The Lighthouse Inn and Carriage House on Nubble Road sits just up from Nubble Light and steps to both Long Sands and Short Sands Beach. 31 units, many rooms with decks and views, pool hot tub, lovely patio and wonderful hospitality! I was pleased to represent the seller. This is West End Inn, a 6

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Two Maine Inns Sold 3/15/19! Kennebunkport and Camden…

Last week both Edgewater Inn in Kennebunkport and Blue Harbor House in Camden both changed hands!  Edgewater, pictured first, is located on Ocean Avenue in the heart of town, just up from beaches, shopping and the Bush compound. A lovely 12 room boutique inn that was fully renovated and rebranded in 2012. I was pleased

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SOLD in Portland, Maine! Inn on Carleton…

Inn on Carleton in the West End neighborhood of downtown Portland transferred ownership on September 5, 2018. With Portland’s ever changing and growing tourism and commerce, it’s no wonder there’s interest in inn ownership here. We wish Leo and Patty, the sellers, and Jim, the buyer, all the best of luck in their endeavors! And

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When a prospective inn buyer asks: “Where do I start?”

NO, YOU DON’T HAVE TO JUST DIVE IN! Your first step? To work with an experienced inn broker! We’ll discuss your financial situation, your professional and educational background and what experience you have, indirect or direct, that would lend itself to succeed in this business. You’ll discuss where your downpayment will come from, house sale,

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What about buying an inn that USED to be in operation some years ago?

 The former inn – which is really just a house now without any business vs. an existing inn or going concern This is a question buyers ask me regularly. And the appeal understandable…the home likely already has the private ensuite baths you want, has the owner’s quarters, there wouldn’t be much in terms of renovations

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