Inn Brokerage Blog
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
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
ZOOM Aspiring Innkeeper Workshop Schedule is Posted
ZOOM ASPIRING INNKEEPER WORKSHOP SCHEDULE DATES October 3 & 4 10a-1p each day November 7 & 8 10a-1p each day November 28 & 29 10a-1:30p each day ____________________________ The Maine Inn Team launched our Aspiring Innkeeper Workshops for 2020 and then Covid Hit. Like so many businesses, we are looking for ways to adapt
Using your 401k to fund your inn acquisition
While these are uncertain and unprecedented, times, there does seem to be a silver lining for those who have the benefit of being able to take this time to reassess their long-term goals. A recent look at Google Analytics suggests that a number of people are doing just that. The past week looks to be
New Gorgeous Waterfront Listing across from Acadia National Park!
Acadia Bay Inn sits on the ocean across Frenchman Bay looking directly at the mountains of Acadia National Park. The view and property are stunning. The inn offers 7 very spacious guest rooms, 4 with ocean views and decks, all with lovely, renovated private ensuite baths. The inn’s parlor is the epitome of a
Aspiring Innkeeper Workshop Schedule, Maine 2020
Introducing our 2020 Schedule for Maine Aspiring Innkeepers Buying or selling an inn can be a relatively long process. We don’t just take part in a quick transaction, we establish relationships. The sale is not our goal. Your success is our goal. And our relationship doesn’t end at the closing table. We are fully immersed
New Innkeeper Workshops for Maine Aspiring and Current Innkeepers
The Maine Inn Team is pleased to launch our Innkeeper Workshops with two offerings to choose from: Two Day Weekend Workshop for Prospective Innkeepers; or One Day In-Depth Workshop for Future Sellers. As former innkeepers, one of the most often asked questions from guests is: “I have always considered owning a bed and breakfast. How did you
Hot Off The Press! Introducing, The Maine Inn Team…
Lodging broker Dana Moos has joined with former innkeeper and real estate agent Tori Baron to form the Maine Inn Team, with a focus on the hospitality industry. Between them, they have 20 years of innkeeping experience with backgrounds in marketing, sales and real estate. Dana has been selling inns throughout Maine since 2008. They’ll
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
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
FOUR more inns sold since my last blog post? YES! Don’t miss out, things are moving…
I haven’t even had a chance to post what has sold since my last ‘sold’ blog post March 29th. 1802 House in Kennebunkport (buyer rep), Limerock Inn in Rockland (seller rep), Bar Harbor Cottages and Suites in Bar Harbor (buyer rep) and James Place Inn in Freeport (seller rep). All between April 30th and June
Charming Cottages Near Acadia National Park and a Strong Business. CHECK OUT THE NUMBERS!
Open Hearth Inn and Cottages sits at the ‘gateway’ to Acadia National Park, in Trenton, Maine, just steps from the popular Trenton Bridge Lobster. Tom and Anne Rau purchased this as a pre-retirement plan. The couple are a perfect balance between warm hospitality and Mr. Handyman Fix-it-all. Their efforts, with not just Anne’s hospitality, but
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
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
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