As of July 1, 2019, I am the Director of Lodging and Hospitality Brokerage for The Swan Agency Sotheby’s International Realty. I started my lodging brokerage career with Kim Swan in early 2008 when I obtained my Maine real estate license and listed my own inn for sale. Kim’s “Lodging Specialists” team were a small […]
I haven’t even had a chance to post what has sold since my last ‘sold’ blog post March 29th. 1802 House in Kennebunkport (buyer rep), Limerock Inn in Rockland (seller rep), Bar Harbor Cottages and Suites in Bar Harbor (buyer rep) and James Place Inn in Freeport (seller rep). All between April 30th and June
FOUR more inns sold since my last blog post? YES! Don’t miss out, things are moving… Read More »
The Lighthouse Inn and Carriage House on Nubble Road sits just up from Nubble Light and steps to both Long Sands and Short Sands Beach. 31 units, many rooms with decks and views, pool hot tub, lovely patio and wonderful hospitality! I was pleased to represent the seller. This is West End Inn, a 6
Two More Maine Inn Sales! York Beach and Portland, Maine… Read More »
Last week both Edgewater Inn in Kennebunkport and Blue Harbor House in Camden both changed hands! Edgewater, pictured first, is located on Ocean Avenue in the heart of town, just up from beaches, shopping and the Bush compound. A lovely 12 room boutique inn that was fully renovated and rebranded in 2012. I was pleased
Two Maine Inns Sold 3/15/19! Kennebunkport and Camden… Read More »
Maine tourism has been on the rise now for the 6th straight year. Interest rates aren’t going to go down any time soon and are still historically low. TIME TO BUY AN INN! Have you checked out my listings? A few are under contract so don’t waste time! Contact me for details.
2018 Maine Tourism Stats are in…Time to buy an inn in Maine! Read More »
Tori and Robin Baron, the James Place Inn innkeepers and I were talking about the reasons they enjoy where they live during my last showing. And Freeport is so much more than the common perception being just about L.L. Bean and the outlet shopping. So I asked them the top reasons why they love living
“12 Things We Love About Living in Freeport”, from the innkeepers at James Place Inn… Read More »
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
SOLD in Portland, Maine! Inn on Carleton… Read More »
click above for the online property presentation At a Glance: Total of 24 units (1 is being used as part of the owner’s quarters for 2nd bedroom) plus 1 retail building (being leased to a barber shop) with beautiful private woodedarea in back with stone fire pit. New roof 2006, new furnaces 2007, solar system
New 24 unit motel for sale in Bucksport, Maine. Financially Viable at $1.3m. Read More »
Cap rate, (capitalization rate), is a rate that helps us value a real estate investment. Cap rate equals the net operating income (NOI) divided by the purchase price. The cap rate shows the potential rate of return on the investment. So the higher the cap rate, the better. With me so far? Let me take
A very strong cap rate on this Maine inn for sale! And WHAT IS A CAP RATE ANYWAY? Read More »
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
Price adjustment on this wonderful inn for sale in Freeport, Maine! 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.
