Back in October of 2020, I provided an update on the lending climate during the pandemic. There are no shortage of inn buyers or sellers these days. It’s almost as if the pandemic has placed an opportunity to hit the reset button, giving many a reality check of what’s important. But are the banks lending? […]
The Lending Climate for Lodging/Hospitality Properties During Covid – Updated Read More »
As a home buyer, you understand what it means to qualify for a home loan, your salary has to cover your current debt and a new house mortgage. The bank wants you to be within a certain debt to income ratio. Pretty simple. With buying a lodging/hospitality property, if you are leaving your job, how
A frequently asked question: how do I qualify? Read More »
Wow, this is long overdue, it was August when I last posted on my blog… It’s certainly not that there isn’t anything to talk about! It’s just time. You know, that precious thing we don’t ever have enough of. So what’s been happening? SALES AND NEW LISTINGS! The Spouter Inn in Lincolnville was just listed.
Is it almost December? WHERE has the time gone? Read More »
Growing pains are a good problem to have. It’s time I brought someone on to help me. Allow me to introduce Diane Pace. Diane is the former owner of The Lighthouse Inn, York Beach and current owner of West End Inn in Portland. I met Diane when I listed her inn in 2018. I then
So much has been happening! Read More »
What makes your inn unique? What makes your inn memorable? What makes your inn marketable? A strong USP. Your Unique Selling Proposition. Any time I speak about the Norumbega Inn in Camden, inevitably the response is “OH, the castle, I know that one!”. Norumbega is an architectural wonder! I personally know from my inn ownership, how important
UNIQUE SELLING PROPOSITION: What is your USP? Read More »
It’s been a busy summer into fall this year! New listings came on board (not driven by the pandemic, just coincidental): Hartstone Inn and Hideaway, Lodging and Fine Dining in Camden, a confidential catering company in mid-coast, Oxford House Inn and Restaurant in Fryeburg, Captain Swift Inn in Camden, 76 Pleasant Street Restaurant in
NEW LISTINGS, NEW LISTINGS, NEW LISTINGS!! Read More »
There are no shortage of inn buyers or sellers these days. It’s almost as if the pandemic has placed an opportunity to hit the reset button, giving many a reality check of what’s important. But are the banks lending? That’s the question on everyone’s mind. I closed one inn in February this year. Then Covid
The Lending Climate for Hospitality During a Pandemic… Read More »
ZOOM ASPIRING INNKEEPER WORKSHOP SCHEDULE DATES October 3 & 4 10a-1p each day November 7 & 8 10a-1p each day November 28 & 29 10a-1:30p each day ____________________________ The Maine Inn Team launched our Aspiring Innkeeper Workshops for 2020 and then Covid Hit. Like so many businesses, we are looking for ways to adapt
ZOOM Aspiring Innkeeper Workshop Schedule is Posted Read More »
While these are uncertain and unprecedented, times, there does seem to be a silver lining for those who have the benefit of being able to take this time to reassess their long-term goals. A recent look at Google Analytics suggests that a number of people are doing just that. The past week looks to be
Using your 401k to fund your inn acquisition Read More »
Acadia Bay Inn sits on the ocean across Frenchman Bay looking directly at the mountains of Acadia National Park. The view and property are stunning. The inn offers 7 very spacious guest rooms, 4 with ocean views and decks, all with lovely, renovated private ensuite baths. The inn’s parlor is the epitome of a
New Gorgeous Waterfront Listing across from Acadia National Park! Read More »
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.
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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