2022 WAS ONE OF THE BEST YEARS ON RECORD FOR HOSPITALITY SALES…AND THE OUTLOOK FOR 2023 AND BEYOND IS BRIGHT! The past several years have been unprecedented…marked by the Pandemic, international unrest and a fluctuating financial market. And for good reason, this has caused some pause for many new buyers considering a transition into the […]
The Maine Hospitality Market – Why Now Remains A Good Time To Buy Read More »
We hear that question frequently. In the world of residential real estate, it’s not only common, it’s often relevant to the deal. But not in the lodging industry. Why? It’s simple. Because buying a lodging business (or any type, really) is a discretionary purchase. Most people don’t have to buy a lodging property. Many people
“How long has it been on the market?” Read More »
I visited Clark Point Inn the other day to take updated photos of the kitchen after it was painted and a new backsplash was added. Actually, the dining room was painted as well. Now there are lovely neutral colors that transition into the beautiful rich warm color of the foyer. But as I’m taking pictures of
Going from 5 to 6 rooms at this inn in Southwest Harbor near Acadia National Park! Read More »
Yes, this could be your view! My client just sent me this beautiful capture of the sea smoke in the Penobscot Bay, taken from the wrap around porch at the Victorian By the Sea…it’s one of the great things we see in the winter. And if you don’t know what sea smoke is, here’s an
Sea Smoke – a View from The Victorian By the Sea Bed and Breakfast Read More »
If you’re looking for inns that the bank will be more than pleased to lend on, Noble House Inn in Bridgton and Wild Iris Inn in Portland offer some of the strongest numbers around. We talk about gross rent multipliers quite a bit in this business and these are two sellers who have the numbers
Listings Priced Based On Income… Read More »
The rates we have been seeing in hospitality lending in Maine for years have been relatively and historically low for commercial loans. However, they keep changing very quickly. Contact me to discuss current rates.
Not everyone who is a licensed real estate agent is a Realtor®?
A Realtor® is a licensed real estate salesperson who belongs to the National Association of Realtors®, the largest trade group in the country. Realtors® are held to a higher ethical standard than licensed agents and must adhere to a Code of Ethics. Some Realtors® are brokers, while some are associate brokers or sales agents. These are varying levels of education, licensing and often responsibilities.
And hospitality ‘Consultants’ or ‘Brokers’ who are not licensed in the state of Maine are not held to any standards the way we are here as licensed Realtors® in Maine, where consumer protection is paramount.
I am a REALTOR®, a real estate professional who has taken the extra step to belong to the National Association of REALTORS®. Through membership, I abide by a Code of Ethics and have gained expertise to help you navigate one of the most complicated and important transactions you’ll make in your lifetime.
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