Inn Brokerage Blog
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
Residential vs Commercial Real Estate: Two Entirely Different Animals
I’m connected to a lot of real estate agents all over the country through social media. And I am always watching the ‘market’ around the country through the eyes of my fellow real estate agents, just to have an understanding on what’s going on. Though much of what goes on in the residential ‘market’ doesn’t
SOLD! Atlantean Cottage Inn in Bar Harbor, Maine
A stunning architectural gem in Bar Harbor transferred ownership today. Atlantean Cottage is a Fred Savage design built in 1903 as his personal residence. The Tudor Revival features classic half timbers, a buttressed front terrace and granite block foundation from a local quarry. Atlantean stands today as a reminder of Mount Desert Island’s rich history.
New Inn Listing in Bar Harbor!
Beautiful 17 room inn, all spacious with private baths, most with fireplaces and decks and some with jetted tubs. Fantastic in town location, parking, seasonal operation, very strong numbers. Check out the listing page on my website for more details and contact me with any questions! Offered at $2,395,000
New B&B listing for sale in Camden, Maine
This lovely historic inn offers 11 guest rooms with private baths, an in-town location, an attached owner’s house built in 2005 and a strong business in place. Check out the listing on my website for more details.
Why Are There So Many Inns On The Market?
This is an all too common question I hear, followed by “is there something I should know?”. The short answer is there really aren’t any more inns on the market today than when I got started in 2008. Let’s not forget that tourism is one of Maine’s top industries (along with agriculture, manufacturing, fishing and
SOLD! The wonderful West End Inn in downtown Portland Maine!
Congratulations to Victoria, the new owner/innkeeper of the lovely and popular West End Inn and to sellers Deb and Scott. My colleague Rick Wolf represented the buyer and I represented the sellers. Today was a great way to start 2017! We wish them all well in the next chapter of their lives.
New Price! Inn at Bath, offered at $799,000!
Great location, great historic home, great condition, great business, great kitchen, comfortable elegance, 8 guest rooms with private baths, several fireplaces, a couple two person jetted tubs, beautiful historic tree-lined street just steps from downtown! Bath is a lovely year round community with a nice art and foodie scene. Contact me for more details or