Current Hospitality Listings
Bed and Breakfasts, Boutique Hotels and Motels, Rental Cottages,
Full Service Maine Inns with Restaurants, Catering Companies and Waterfront Maine Inns for Sale
New Listing! Pilgrim's Inn on Deer Isle - $1,495,000 - click for details
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Built in 1793, Pilgrim's Inn has 15 guest rooms with private baths, 3 are cottages. There is a large dining room which used to serve dinner to guests of the "Whale's Rib Tavern". Situated on nearly 2 acres on Mill Pond, this inn offers very large guest rooms with plenty of windows and natural light. The owner's quarters is an open floor plan apartment with full kitchen, newly renovated bathroom and view over Mill Pond and the inn's gardens. Commercial kitchen will thrill anyone in the food industry! Great opportunity...
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Grey Havens Inn and Restaurant in Georgetown - $2,795,000 - click for details
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Built in 1904, this incredible inn is perched high above the craggy Atlantic coast, this boutique hotel features breathtaking ocean views from its wrap-around covered porch and throughout the inn. Grey Havens has frequently been referred to as a ‘castle-by-the-sea’ with its two tall round turrets. The inn has 13 guestrooms, many with views, a huge common great room with stone fireplace and an incredible front porch to take in the view. The inn has a private dock and 245 feet of ocean frontage. The inn's restaurant and bar "Blue" is open to guests and the public. And the inn does a number of events, which also has room to grow.
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East Wind Inn, Restaurant and Tavern in Tenants Harbor - $1,895,000 - click for details
Wonderful 19 room inn, restaurant and tavern situated right on a working Maine harbor. Gorgeous views, porches, spacious renovated rooms, currently open seasonally but could remain open year round. 2.5 ares, 500 feet of shorefront, ideal midcoast location, specializing in small events. This checks a lot of boxes!
NEW! Lovely 7 room inn in the heart of Freeport - $875,000, click for details
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Built in 1890 and hosting guests for 33 years, the inn offers 7 guest rooms, a beautiful .71 acre lot, well landscaped with mature trees, and a very spacious owner's townhouse attached. Open year round and in the heart of town, accessible to everything Freeport has to offer!
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Hartstone Inn and Hideaway, Full Service Inn w/Restaurant in Camden - click for details
While Hartstone's restaurant has long been a staple in the restaurant scene in Maine, and with nationwide recognition, the lodging side of the business is very strong for the industry. In 2019, the rooms side of the business represented nearly 70% of the revenue. And their room occupancy is a near match at 68%. The national occupancy for hotels in 2019 was 66%, keeping in mind this is driven a great deal by the large cities with national brand hotels. The typical small inn or B&B with 4-11 rooms sees an average occupancy around 45%. So Hartstone is well positioned in the market, with a strong lodging business and restaurant small enough to manage but busy enough to supplement the income and help fill rooms.
Built in 1835, the architecturally splendid Hartstone Inn and Hideaway is an enchanting escape in the heart of Camden. The Hartstone building is a fine example of a Mansard Victorian which features an iconic slate mansard roof with dormer windows and brackets which are the hallmark of the style.
This property offers three unique buildings, with 22 lovely rooms and suites and 1 apartment rental, with beautiful gardens and their well known, on-site 20 seat restaurant and bar, which is located in the Hartstone building.
Built in 1835, the architecturally splendid Hartstone Inn and Hideaway is an enchanting escape in the heart of Camden. The Hartstone building is a fine example of a Mansard Victorian which features an iconic slate mansard roof with dormer windows and brackets which are the hallmark of the style.
This property offers three unique buildings, with 22 lovely rooms and suites and 1 apartment rental, with beautiful gardens and their well known, on-site 20 seat restaurant and bar, which is located in the Hartstone building.
Captain Swift Inn, Camden - $2,250,000 - click for details
Gorgeous newly renovated 2018-2019 with 9 guest rooms/suites with ensuite tiled shower baths. 7 of 9 rooms with fireplaces, 3 common rooms, incredible landscaping, stone patio, fire pit and various decks. Owner's Quarters offers 3 bedrooms, 2.5 baths, LR, DR, Den, also fully renovated. The inn sits in the heart of the picturesque village of Camden.
The Oxford House Inn and Restaurant, Fryeburg - $899,000, click for details
The Oxford House Inn is a full service restaurant and cozy pub in the heart of town with a beautiful view of the White Mountains. The inn and restaurant are open year round and offer a very strong business and great reputation from locals and tourists alike!
Confidential Catering Company, midcoast location, includes business & real estate - $675,000, click for details
Under Contract! 76 Pleasant Street Restaurant (potential inn rooms) in Norway, $825,000 - click for details
76 Pleasant Street operates year round in the incredible 1896 Judge William Jones house. It is located in Norway, Maine within walking distance of historical downtown. The elegant, comfortable and fire lit dining rooms are the perfect setting for their innovative cuisine. They combine the flavors of the local market with affordable menus reflecting the changing seasons. Their focus is on the simplicity of fine ingredients and thoughtful presentations. With just 24 seats, the size is manageable for a couple just like the current owners operate. 76 Pleasant Street is the perfect venue for an evening out, private party or intimate wedding reception. The gorgeous barn was recently renovated and is the perfect space for weddings and events.
Open Hearth Inn and Cottages, Trenton, $995,000 - click for details
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Situated at the head of Mount Desert Island,
Open Hearth Inn offers 17 units total: 8 adorable cottages, 4 lodge building rooms, 3 inn style suites and 2 fully furnished apartments. Fully improved over the last 3 years. Strong seasonal business! Great cap rate. And owner's house with a staff room is an added bonus. |
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Russell House Bed and Breakfast, Boothbay Harbor, $1,135,000 - click for details
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Located 1 mile from the harbor and downtown
Completely all new rooms and bathrooms! 8 guest rooms with ensuite tile and glass baths/showers owner's 2 bedroom cottage guest rooms with heat pumps (A/C) stylish common rooms, spacious and bright commercial kitchen very large deck designed to accommodate a tent, great for events. Strong business and room for potential |
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The Newcastle Inn, Newcastle/Damariscotta, $1,450,000 - click for details
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This lovely inn offers 14 guest rooms, abundant common guest space, a large deck with a view of the Damariscotta River, walking distance to town, owner's apartment, and an ideal midcoast location for exploring Maine! Strong business.
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SOLD! Pine Grove Cottages, Lincolnville
Noble House Inn in Bridgton, in the Western Lakes Region, $1,180,000 - click for details
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Built in 1903, this lovely inn sits on 4.15 acres just up from Highland Lake and offers 8 guest rooms with ensuite baths, granite and stainless kitchen, dining room, cozy den with wood stove, large formal parlor, sunny breakfast room overlooking the spacious lawn. Open Year Round. |
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Captain Sawyer's, Boothbay Harbor, $999,000 - click for details
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Location, location, location! This 9 room inn sits high above Commercial Street and offers views of the harbor and of the town. The two spacious porches are a great place to relax, people watch and keep an eye on what's happening in the harbor!
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Norumbega Inn in the heart of Camden, $3,500,000 - click for details
A stone castle by the sea....this stunning inn is a see to believe kind of place. The woodwork alone can keep you busy for hours. The well manicured lawn is inviting as is the full size Bocce court! The Penthouse Suite has the best view of the Penobscot Bay. This is a must see!
SOLD 11/20/20! The Inn at Southwest, Southwest Harbor near Acadia National Park
SOLD 1/15/21! Inn at Park Spring, Portland
Five Gables Inn, East Boothbay, $3,195,000 - click for details
The Five Gables Inn was originally built in 1896 and offers 16 guest rooms with ensuite baths, 15 have water views, 4 have fireplaces, all have AC. The inn has water access across the street at the town dock. There’s a large Great Room w/wood fireplace and picture windows to enjoy the view. The spacious kitchen was recently renovated and offers two dishwashers, two ranges, quartz and stainless countertops. The very large porch is a feature at Five Gables Inn, with tables and lounge seating, it's an inviting outdoor living space any time of day or night. The inn is located at 107 Murray Hill Road, the residence included is located adjacent to the inn at 113 Murray Hill Road and the staff house which also conveys is a 3 bedroom rental property with kitchen, living and dining rooms, outdoor deck. Ideal for staff housing and sleeps 6. This property comes fully furnished and is 1/2 mile from the Inn. Viable business from a 5 ½ month season which could be extended, particularly with the popularity Coastal Maine Botanical Gardens in the off-season during Gardens Aglow.
Inn at Sunrise Point, Lincolnville, $3,495,000 - click for details
Simple. Perfect. Luxury. This is how the Inn at Sunrise Point has been described. The property for discerning guests and owners.
Oceanside cottages, a main inn with graceful proportions, a garden house with new luxury rooms and an owner's cottage, all on 5.07 acres of waterfront manicured lawns, curated gardens and natural landscape create this highly desirable luxury campus.
Oceanside cottages, a main inn with graceful proportions, a garden house with new luxury rooms and an owner's cottage, all on 5.07 acres of waterfront manicured lawns, curated gardens and natural landscape create this highly desirable luxury campus.
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Snow Squall Inn, Wiscasset, $895,000 - click for details
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The Snow Squall Inn has 7 guest rooms with private baths, including 3 multi-room suites ideal for families or friends traveling together.
Located on 1.46 manicured acres on historic coastal US Route 1. Renovations in 2009 yielded a modern commercial wellness building with yoga studio and spa treatment rooms. |
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Bucksport Motel, $1,200,000 - click for details
24 unit motel that has been fully renovated top to bottom - new roof, windows, siding, brick veneer, solar panels, furnaces. The motel is so well maintained. Ready for the next owner to walk in and do the marketing! Very spacious owner's quarters with private deck. Financially viable. Strong cap rate.
Under Contract! The Lodge at Moosehead Lake, Greenville, $2,495,000 - click for details
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Long one of Maine's most classic hospitality properties, The Lodge at Moosehead Lake is comprised of three buildings on seven acres.
The main lodge has five of the guest rooms as well as the restaurant and the beautifully designed common areas including the fun lower level pub. The Carriage House is home to four spectacular suites which, as with most rooms, have sensational views. The owner's home has a jaw-dropping lake view from the beautiful wall of windows. There is also small staff housing on the property. This is a remarkable opportunity for lovers of the northern part of our beautiful State. |
People always ask why it seems there are a lot of inns on the market. First, there are a LOT of inns in Maine. But at any given time, during various up and down times of our economy, there are always a number of Maine inns for sale. Over the last 10 years, it's been common for me to have 12-17 listings at all times. Some were on the market prior to the recession and then pulled them off. Then some went back on around the same time, when the economy began to pick up.
And why are they selling? The most common reason is to spend more time with children and grandchildren, followed by just time to retire. Innkeeping is a pre-retirement job, but it is not retirement! We first bought our inn when I was 38. Guests would come in and immediately after I'd say "welcome, I'm your innkeeper Dana", they'd respond "You're the owner? You're too young to be retired"! And I would just laugh!
Innkeeping is not retirement. It's a transitional job before retirement that provides a wonderful lifestyle allowing you to work from home, often with a partner, enjoy the tax benefits, grow your business investment and operate until you are ready to sell or actually retire.
Now that breakfast is over, what do you do the rest of the day?!! Now this is my favorite question. What I will tell you is that a great innkeeper makes it look easy. What goes on behind the scenes to provide a smooth guest experience is key. But more on that later. Or during one of our seminars!
And why are they selling? The most common reason is to spend more time with children and grandchildren, followed by just time to retire. Innkeeping is a pre-retirement job, but it is not retirement! We first bought our inn when I was 38. Guests would come in and immediately after I'd say "welcome, I'm your innkeeper Dana", they'd respond "You're the owner? You're too young to be retired"! And I would just laugh!
Innkeeping is not retirement. It's a transitional job before retirement that provides a wonderful lifestyle allowing you to work from home, often with a partner, enjoy the tax benefits, grow your business investment and operate until you are ready to sell or actually retire.
Now that breakfast is over, what do you do the rest of the day?!! Now this is my favorite question. What I will tell you is that a great innkeeper makes it look easy. What goes on behind the scenes to provide a smooth guest experience is key. But more on that later. Or during one of our seminars!
Definitions
The lodging industry in itself is very much a lifestyle. Travel and tourism is a lifestyle. And incorporating the ownership of a lodging property, regardless of financial performance, can be referred to as 'lifestyle'. We represent sellers of a variety of distinctive lodging styles such as bed and breakfasts, rental cabins and cottages, boutique hotels and motels. And quite often we see properties that have a combination of the various types units which can often be very desirable as they offer something for everyone. In general, we refer to this as a lifestyle business. And this lifestyle business can take place in a variety of property types. I have adapted these definitions from The B&B Team. They simply make sense.
We refer to the financial side of this lifestyle business with some key terms you should understand (you should also check out my Top 12 Blog Posts as most are financial related):
“Financially Viable” means inns that generate income to cover operating expenses, mortgage, real estate taxes and owner’s compensation. Everyone's definition of what is a sufficient owner's compensation is different. Always remember there are tax benefits from being an inn owner/operator. For more information on that subject, check out my blog post.
“Feasible” means properties with a size and location that have the realistic potential to become financially viable. They may include unique hospitality properties that are under-performing (for health, personal choice or other reasons), closed, distressed, or currently used for other purposes. Often these properties have the upside potential a buyer is looking for, but it might mean the buyer has to put a larger downpayment on the purchase to make the cash flow work until they are able to get the revenue up.
“Lifestyle” means inns and B&B’s whose smaller size and revenues may not generate sufficient income to cover operating expenses, mortgage, real estate taxes. These inns are operated by owners who wish to enjoy the lifestyle of running a bed & breakfast without totally relying upon the business’s revenues. Often owners of an inn in this category have other means of income. This could be a pension, investments, retirement funds, social security, etc. Or maybe one partner works outside the inn.
The lodging industry in itself is very much a lifestyle. Travel and tourism is a lifestyle. And incorporating the ownership of a lodging property, regardless of financial performance, can be referred to as 'lifestyle'. We represent sellers of a variety of distinctive lodging styles such as bed and breakfasts, rental cabins and cottages, boutique hotels and motels. And quite often we see properties that have a combination of the various types units which can often be very desirable as they offer something for everyone. In general, we refer to this as a lifestyle business. And this lifestyle business can take place in a variety of property types. I have adapted these definitions from The B&B Team. They simply make sense.
We refer to the financial side of this lifestyle business with some key terms you should understand (you should also check out my Top 12 Blog Posts as most are financial related):
“Financially Viable” means inns that generate income to cover operating expenses, mortgage, real estate taxes and owner’s compensation. Everyone's definition of what is a sufficient owner's compensation is different. Always remember there are tax benefits from being an inn owner/operator. For more information on that subject, check out my blog post.
“Feasible” means properties with a size and location that have the realistic potential to become financially viable. They may include unique hospitality properties that are under-performing (for health, personal choice or other reasons), closed, distressed, or currently used for other purposes. Often these properties have the upside potential a buyer is looking for, but it might mean the buyer has to put a larger downpayment on the purchase to make the cash flow work until they are able to get the revenue up.
“Lifestyle” means inns and B&B’s whose smaller size and revenues may not generate sufficient income to cover operating expenses, mortgage, real estate taxes. These inns are operated by owners who wish to enjoy the lifestyle of running a bed & breakfast without totally relying upon the business’s revenues. Often owners of an inn in this category have other means of income. This could be a pension, investments, retirement funds, social security, etc. Or maybe one partner works outside the inn.
View My Sold Properties
Maine Inns for Sale, by Dana Moos
