Inn Brokerage Blog

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

Read More »

Price adjustment on this wonderful inn for sale in Freeport, Maine!

NEW opportunity with this substantial price adjustment!  When a seller says they are motivated, there can be many things that affect their decision to change the price to be more favorable to attract a buyer. $100,000 certainly is favorable to a buyer! The sellers, Tori and Robin, have owned James Place Inn since 2006 and

Read More »

New on the market! Popular cottages at the doorstep of Acadia National Park

At a Glance-17 units: 8 cottages, 3 inn style suites, 4 lodge/motel rooms and 2 fully appointed apartments (which can be rented nightly, weekly or long term).-plenty of parking; guests can park directly next to or in front of their unit-1.41 acres-private well/all new septic-Strong seasonal business from just mid-May to mid-October.-real estate taxes $4,578

Read More »

Freeport, Maine…Did You Know?

While we all know that L.L. Bean and the outlets have long been anchors for Freeport, the village has evolved into so much more! Did you know….There are concerts in the park all summer?There’s an annual winter festival in the park sponsored by LLBean?There are 2 state parks nearby?You can go fishing from Winslow Park?There

Read More »

The Limerock Inn is motivated to sell?

Yes, the Limerock Inn is motivated to sell…. Why, you ask? What’s wrong? Why are they anxious to get out? These are common questions from prospective buyers when they hear a seller is motivated. But in this case, there’s no negative reason. The owners Frank and PJ are 13 years in. That’s a pretty good

Read More »

New Listing – A Boutique Motel in Wiscasset

Another new listing just hit the market! This one offers high visibility on Route 1 in Wiscasset, just a few miles from Red’s Eats and their famous lobster roll. At a Glance-8 acres of woodlands-29 guest units plus 1 longer term vacation rental-Workshop and Storage Building-Laundry building with up to date commercial equipment, slop sink

Read More »

New Listing! Lindenwood Inn in Southwest Harbor, Maine

A fantastic new listing just hit the market. Loads of goodwill comes with this inn – the innkeeper/owner has been there almost 27 years! Check out the listing presentation and contact me if you wish to discuss or have any questions. This issue checks off a lot of boxes… Offered at $1,700,000

Read More »

New Listing! The Lighthouse Inn & Carriage House in York Beach, Maine

A fantastic new listing just came to the market just steps from Long Sands Beach and Nubble Light. The Lighthouse Inn and Carriage House is located in York Beach’s most sought-after neighborhood, on The Nubble! There are 31 rooms; a large lobby/great room with stone fireplace; outdoor pool and hot tub; patio with umbrella tables;

Read More »

Commercial Interest Rates…..up? down? up? down?

Interest rates for commercial hospitality loans remain historically low. However, we are seeing them on the rise. The most favorable recent rates we saw in January ranged from 4.35% to 4.75%. Today we are seeing 4.8% to 5.25% or higher. The better your credit, the better the cash flow of the property, the better chance

Read More »

Maine Lodging and Restaurant Stats for 2017

Maine Innkeepers Association and Maine Restaurant Association have recently merged to create Maine Hospitality.  Check out the “What is Maine Hospitality?” video. Maine Hospitality #HoME reported the Performance Index statewide. These are some encouraging stats: Restaurant Revenue Oct: $239,429,000 + 5.6%Restaurant Revenue Nov: $184,902,000 + 7.3% Lodging Revenue October: $83,642,000 + 7%Lodging Revenue November: $32,977,000 + 23.5%

Read More »

Some History of Timbercliffe Cottage, a Maine Inn for Sale

the view from the inn I showed Timbercliffe cottage the other day and while walking around, I explained that each room was named for one of the home’s former owners. The innkeepers shared this bit of history they have about the property: Just some fun facts about this Maine inn for sale! To see more

Read More »

New price on this Camden, Maine inn for sale

Blue Harbor House is now offered at $1,360,000. This charming Colonial sits in the heart of the village in one of Maine’s most popular destinations of Camden, Maine. The inn offers 11 guest rooms with private baths and a very spacious owner’s house. Very strong business, open year round. Contact me for more details or

Read More »

So what does that pineapple logo mean?

I’m asked this question every now and then. So here’s your answer: The Legend of the PineappleThe sea captains of New England traded among the Caribbean Islands, returning to the colonies bearing their heavy cargoes of spices, rum, and a selection of fruits, which sometimes included pineapples. According to the legend, the captain would drop

Read More »