Inn Brokerage Blog
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
2018 Maine Tourism Stats are in…Time to buy an inn in Maine!
Maine tourism has been on the rise now for the 6th straight year. Interest rates aren’t going to go down any time soon and are still historically low. TIME TO BUY AN INN! Have you checked out my listings? A few are under contract so don’t waste time! Contact me for details.
“12 Things We Love About Living in Freeport”, from the innkeepers at James Place Inn…
Tori and Robin Baron, the James Place Inn innkeepers and I were talking about the reasons they enjoy where they live during my last showing. And Freeport is so much more than the common perception being just about L.L. Bean and the outlet shopping. So I asked them the top reasons why they love living
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
Bon Appetit Magazine just named Portland, Maine 2018 restaurant city of the year!
WHAT?Yep, you read that right! Portland Maine was just named the 2018 Restaurant City of the Year by Bon Appetit Magazine So those of us fortunate enough to live in Maine have known for years now that the Portland restaurant scene offers something very special. It’s not just talented chefs, but the complete package, with the food
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,
New 24 unit motel for sale in Bucksport, Maine. Financially Viable at $1.3m.
click above for the online property presentation At a Glance: Total of 24 units (1 is being used as part of the owner’s quarters for 2nd bedroom) plus 1 retail building (being leased to a barber shop) with beautiful private woodedarea in back with stone fire pit. New roof 2006, new furnaces 2007, solar system
A very strong cap rate on this Maine inn for sale! And WHAT IS A CAP RATE ANYWAY?
Cap rate, (capitalization rate), is a rate that helps us value a real estate investment. Cap rate equals the net operating income (NOI) divided by the purchase price. The cap rate shows the potential rate of return on the investment. So the higher the cap rate, the better. With me so far? Let me take
