Inn Brokerage Blog
Tax Benefits of the Inn Ownership Lifestyle
A common buyer concern when they don’t fully understand the tax benefits of this home based business is “that’s not nearly what I make at my current job”. And they’re right. Let’s face it, most of us work to make money, right? And we hope that we enjoy what we do along the way. But
New Listing! Old Saco Inn on the Old Saco River in Fryeburg, Maine
A gem in the western lakes and mountains region of Maine! Situated on 65 acres with over 2,600 feet of frontage on the Old Saco River. Nine spacious guest rooms in two buildings, most with private decks overlooking the river and/or the inn’s driving range. Dinner is offered on Fridays and Saturdays in the two
The BEST tip for clean bathrooms?
So this isn’t your average brokerage post. It’s about clean bathrooms. Whether you have a hotel, motel, B&B, hostel, or rooms for rent in your house, a clean bathroom is paramount. I learned a trick as an innkeeper. MAGIC ERASERS. They’re expensive but they are worth it! I’d buy a pack of 8 at either
New Listing! Motel for Sale on Moosehead Lake in Greenville, Maine
Chalet Moosehead has 26 rooms, a separate owner’s house and several hundred feet of frontage on Moosehead Lake. A new dock, floats, lawn chairs, grills, a lakeside stone fireplace, and a very strong business/cash flow. Visit the listing page on my website for more details. This is a great investment and lifestyle opportunity! Offered at
Back on the market! Adorable 9 room motel in Naples, Maine
Just a mile to the Naples causeway and all of the lakefront attractions, this motel has 9 spacious guest units (varying occupancy) with windows in the front and back, for wonderful natural light. The property is very clean and has been very well maintained over the years. Owners are just ready to retire! A buyer
Allocation of Assets – Like a Hamburger???
Mt Gay rum, Bacardi light rum, a splash of cranberry, splash of OJ, splash of coconut water, lime juice. Light and tropical! So I used a cocktail for my analogy (because it’s more appealing in a photo than a burger), but the original article referenced a hamburger. The writer attended a presentation where the subject
Understanding the Financials
https://www.danamoos.com/understanding-the-financials.html One of the most important topics that buyers ask about is the financing of a hospitality property and how to qualify. And sometimes a buyer doesn’t know what to ask. I’ve gathered my most helpful blog posts on several topics and put them into a single web page on my website with links. Some
I’m often asked “do you only sell in Maine?”
Good question… M A I N E It’s a big state… Maine is a big state. I know Maine very well. I know Maine’s tourism industry. And this big state has kept me pretty busy over the years. I never felt the urge to go outside of my region. The B&B Team represents buyers and
Love Where You Live! #lovewhereyoulive
You’ve probably seen the hashtag “#lovewhereyoulive” in our new sharing world via social media. Nothing is really more important than this when it comes to leaving a job, home, family, etc. to move to a new location to buy your dream B&B. Having traveled to Maine for almost 10 years before moving to Maine in
SOLD 4/4/17! Glenmoor By the Sea Resort in Lincolnville, Maine
This 33 unit waterfront resort sits just a few miles north of Camden on the Penobscot Bay. And in terms of lodging properties, wasn’t on the market long (about a year). It offers a mix of motel units and individual cottages with fantastic views AND sounds of the ocean! My colleague Rick Wolf represented the
NEW! A Newsletter sign up form!
Now you can subscribe to my newsletter to stay up to date on what’s happening in our lodging and tourism industry. You can sign up on my website or on this blog in the right hand column at the top. And you are always welcome to shoot me an email just to ask questions about
Maine restaurants and hotels had a record-breaking year in 2016!
The Portland Press Herald reports “Maine restaurants and hotels had a record-breaking year in 2016, bringing in more than $3.6 billion in combined revenue, a 7 percent increase! The record sales were driven by an improving economy, warm and dry weather, and Maine’s reputation as a place for food, drink and travel.” “My thinking on
Down East Magazine Names Rockland the “Best Place to Live in Maine” March 2017
Down East Magazine held an online tournament for this year’s reader pick for the Best Place to Live in Maine…and the winner is? “YOU ONLY HAVE TO GO BACK A DECADE or so to reach a time when it may have seemed preposterous for Rockland to take top billing in a list like
SOLD! Atlantic Birches Inn in Old Orchard Beach, Maine
This wonderful historic inn designed by John Calvin Stevens just sold today. Congratulations to my sellers and to the new innkeepers. We wish them all the best!
Understanding The Numbers
I was looking at some numbers this morning (despite it being a Sunday, my mind just won’t rest) and thought I’d share the general basis of determining value for hospitality properties. And this information is helpful to buyers and sellers. Here you first see a cash flow scenario based on three fictitious properties to see if
