Inn Brokerage Blog
National Association of Realtors Recent Litigation…
The National Association of Realtors recently entered into an agreement to settle a lawsuit. The basis was around what was assumed to be price fixing of commissions and lack of transparency on who pays those commissions. The lawsuit pertained to residential listings, not commercial. However, all listings are now subject to the new rules around
Why List With Me?
EXPOSURE, that’s primarily why! Many agents put a listing in MLS (which I do as well) or on a commercial listing site (like Loopnet, which I do as well), but I have a website and each listing has a dedicated page. And I have a Google Ad campaign and a very strong organic Google presence
INN Bloom!
Another garden that WOWS, and look at that lush, green grass at this stunning inn in Searsport! Check out the listing for details.
A GARDEN that WOWS!
This is Hichborn Restaurant and their stunning gardens! I saw the owners post these on social this morning and I had to share. I don’t really have a true green thumb, but clearly, they do! Check out the listing!
AURORA IN MAINE! BUCKET LIST, ✓
This is what I captured with my iphone 13 pro, no filters, no tripod, just got in my car and drove to find a dark spot without so many trees! These were taken in Damariscotta from the parking lot at the Whaleback Shell Midden State Historic Site.
When An Inn Has A Restaurant…
A Full Service Inn – Often buyers are concerned with the risk associated with purchasing a restaurant because of low profits, high staff turnover, and high food costs, and so on. But when that restaurant business is supported by a strong lodging component, then the restaurant becomes less of a concern, and more of an
Looking for a Wedding Venue Business?
This events barn was fully renovated in 2014 and sits right between downtown Bethel, Maine and Sunday River Resort! And with numerous lodging options providing hundreds of rooms , this business is well positioned to host even double wedding weekends. A huge commercial kitchen allows for weekday catering to supplement revenue. Bethel tops list of
HELLO 2024…Happy New Year!
From the Maine Inn Team at Swan Agency Real Estate…. As we head into 2024….while I do not have a crystal ball, I believe we will see more hospitality inventory hit the market. I am seeing signs of this now as I have a few new listings in the works, some will be public, some
The Valuation and Pricing Process
A common question… How did you or the seller come up with the price? Take a look at a sample calculation below based on a price of $1,500,000, with 20% down at 7.5% interest, amortized over 25 years. There are three key metrics we look at when backing into a price that is financeable: 1)
Bloomberg Business: “Everybody Wants to Go to Maine…”
I say: Tell us something we don’t know! And I am proud to say I represented the sale of The Norumbega mentioned in this article! Read the full story on Bloomberg
The Maine Hospitality Market – Why Now Remains A Good Time To Buy
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
Down Payment vs Earnest Money
What is the difference between the ‘down payment‘ and earnest money (sometimes referred to as EM or EMD – earnest money deposit) and when they are owed? Your EARNEST MONEY is a good faith deposit that is held in an escrow account to demonstrate to a seller your commitment to finalize the deal, and how
Oxford House Inn – a Very Viable Business Opportunity
This thriving restaurant & inn offers a financially strong option for both investors and owner/operators alike! Built by the renowned Portland architect John Calvin Stevens, the Oxford House Inn sits in the center of downtown Fryeburg overlooking gorgeous farmland and valleys…and is perfectly centered between the Sebago Lake region and the bustling tourist destinations of
Guest Registration and State Laws – pretty serious stuff!
As we continue to evolve with technology, more and more records are paperless, handled by email or automated systems and we just aren’t recording things on paper any more. I don’t know how many inns and lodging properties actually are aware of or adhere to this state requirement, but based on the potential penalty, they
