Maine Lodging and Restaurant Stats for 2017

#HoME, 2017 lodging stats, maine innkeepers association, maine inns for sale / By

Maine Innkeepers Association and Maine Restaurant Association have recently merged to create Maine Hospitality. 

Check out the “What is Maine Hospitality?” video.
Maine Hospitality #HoME reported the Performance Index statewide. These are some encouraging stats:

Restaurant Revenue Oct: $239,429,000 + 5.6%
Restaurant Revenue Nov: $184,902,000 + 7.3%


Lodging Revenue October: $83,642,000 + 7%
Lodging Revenue November: $32,977,000 + 23.5%

2017 year-to-date restaurant: $2,567,422,000 + 3.5%
2017 year-to-date lodging: $981,000,000 + 7.6
Great news for our innkeepers and our restaurants. And great time to buy a lodging property in Maine! For a list of my Maine inns for sale, check out my website. Thanks for looking!

Commercial Interest Rates Today

The rates we have been seeing in hospitality and commercial lending in Maine for years had been relatively and historically low for commercial loans. However, in recent times they have increased quite a bit. Contact me to discuss current rates we are seeing with our hospitality lenders.

Did You Know?

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.

 
Ethics, Expertise and Education – the REALTOR® difference at work for you.”

 

Dana Moos, Hospitality Investment Broker, Realtor®
Representing Hospitality Buyers and Sellers Statewide Since 2008
Director of Lodging and Hospitality Brokerage, Swan Agency Real Estate
www.danamoos.com      207.266.5604     dana@danamoos.com     dana.moos@swanagency.com
We work Maine.     We play Maine.      We are Maine.

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