Inn Brokerage Blog

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

Read More »

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,

Read More »

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 »