Inn Brokerage Blog
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
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
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
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
When a prospective buyer asks “What’s the primary reason an innkeeper or an inn fails to succeed?”
I recently had a really great conversation with a new aspiring innkeeper. Naturally, he had a lot of questions. Many of the questions have been covered in my Top 12 Blog Posts Buyers Want To Know (which is how I came up with the topic in the first place, directly from conversations with aspiring innkeepers).
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;
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
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%
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
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
Top 10 reasons why we love living in Camden, from more Maine innkeepers
From David and Karen Kallstrand at Timbercliffe Cottage in Camden, Maine: 1) The smell of the sea. For some of us, once you have lived near the ocean, you cannot be truly happy anywhere else. It is the pulse of existence on the coast. 2) Walking our dog down to the harborfront, greeting neighbors working
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
Why I love living in Camden Maine, from the innkeepers’ perspective
‘All I could see from where I stood was three mountains and a wood; I turned and looked the other way, and saw three islands in a bay’ Edna St Vincent Millay… “Top 17 reasons why we love living in Camden!” From Annette and Terry Hazzard of Blue Harbor House Inn: #1 Quintessential Maine harbor
New Inn Listing in Maine’s HOT city of Portland!
Here’s a new opportunity to be a part of Portland’s ever changing, thriving tourism and hospitality industry. Inn on Carleton is one of a small handful of very successful small bed and breakfasts in Portland, where we see occupancy rates that far exceed the national average. You can live in a wonderful small working waterfront
In 2016, Maine Tourism was up for the 4th straight year! What’s in store for 2017?
From the AP: “Maine officials say revenue from the state’s tourism industry has increased for the fourth straight year in 2016. A report from the Maine Office of Tourism shows that revenue grew to just under $6 billion last year, an increase of about 6 percent from the previous year. Officials said Wednesday the total economic
