Inn Brokerage Blog
Going Concern Value – Inn Valuation
An inn or bed and breakfast is a hybrid. Yes, it is a business that operates within a piece of real estate on a piece of land. But it is a commercial business with a residential component. So how does an appraiser go about valuing this hybrid business? It’s not always easy for the buyer
Easy Bathroom Updates!
Are you thinking of selling your bed and breakfast or did you just buy one or are you looking to? These are some easy ways to add value for your guests as well as your potential buyer. Many bed and breakfasts are often limited to upgrades due to cash flow and space constraints. So consider
SOLD! Ducktrap Motel in Lincolnville, Maine
Another Maine hospitality property just changed hands! A wonderful 13 room motel/cottages just a couple miles to Lincolnville Beach. Congratulations to new buyers Reesa and Scott and to my sellers, Rick and Elaine. I wish you all the best in the next phase of your lives!
Clarifying Brokerage Relationships…….
The word ‘clear’ isn’t often synonymous with the understanding of brokerage relationships, regardless of how we try to explain it (clear as mud, perhaps?). But it’s so very important that I find myself constantly looking into ways to ensure that it makes sense to our customers. So let’s talk about it for a bit….and yes,
SOLD 4/2/14!! Acadia Cottages in Southwest Harbor, Maine
Congratulations to buyers and new innkeepers, Tom and Vickie and to sellers Lisa and Gordon. We wish you all the best of luck! The B&B Team was pleased to represent both parties in the transaction. I represented the sellers and Eliot Dalton represented the buyers. Enjoy!
New Price on a Camden Maine Inn!
Now offered at $995,000, this is a beautiful Camden B&B with a view of the Penobscot Bay. Lovely and spacious owner’s quarters are done in the style and decor of the rest of the inn, so innkeepers feel just like the guests at the inn. Enjoy this seasonal business, water views, Camden lifestyle and a
2014 seems to be bringing a lot of activity!
With Acadia Cottages soon to settle, Ducktrap Motel around the bend, Inn on Carleton not too far behind and a classic coastal inn recently under agreement, 2014 is looking up for both buyers and sellers! These three I’ve named are all completely different types of lodging properties: near Acadia National Park, Acadia Cottages offers 11
New Listing! Coach Stop Inn in Bar Harbor, Maine – $795,000
Coach Stop Inn has 6 guest rooms, all en-suite baths, some with fireplaces, one with a large slipper tub and beautiful colors and furnishings. Many new renovations throughout. And there’s a new owner’s home just behind the inn, offering wonderful privacy for innkeepers. This is a great addition to a charming inn with a solid
New Listing! Pine Grove Cottages in Lincolnville, Maine – $475,000
Pine Grove Cottages in Lincolnville Maine offers a bit of northwoods Maine on the mid-coast! 8 fully equipped cabins and cottages with kitchens, decks, BBQ grills plus a studio cottage with fireplace and jetted tub sit amongst very tall pines. There is a separate owner’s home with 2 bedrooms, 1 spacious bath, living room, sunny
New Listing! Claddagh Motel in Rockport, Maine – $1,195,000
Claddagh Motel in Rockport Maine is a wonderful 19 room motel with a very strong seasonal business. There are several two room suites and units with full kitchens, ideal for longer stays and larger parties. Situated on the popular Route One off Clam Cove and just a few miles from Rockland and Camden. Offered at
The Boston Globe on New Camden Maine Restaurants
Camden, Maine…where the mountains meet the sea… The Boston Globe mentions a few of the newer, small creative restaurants that stay open year round. Camden is becoming a place for visitors in the off season as well as providing a sense of community (and nice dining options!) for locals. I’ve eaten at most of the
New Mid-Coast Maine Motel for Sale with Separate Owner’s Home
This immaculate, well maintained 13 unit motel offers a strong business with room to increase both occupancy and rates. Separate owner’s home with fireplace, 3 bedrooms, 1 bath is an added bonus! Offered at $525,000. Visit the listing page on my website for more details.
New Maine Listing! Prominent Mid-Coast Location and Strong Business
Ten rooms, spacious owner’s quarters, strong business, prominent location in a destination location. For more details, visit the listing page on my website.
SOLD! Martin Hill Inn, Portsmouth, NH
Congratulations to my clients and new innkeepers, Russ & Meg and to my colleague Rick’s seller, Margot. We wish you all the best in both of your future endeavors! martinhillinn.com
Mount Snow Vermont – PAII Regional New England Innkeeping Conference & Trade Show
We just returned from the New England PAII conference held at Mount Snow outside of Brattleboro, VT. This was my second PAII conference (my first was the annual held in Vegas, January 2013) and second time as a workshop presenter. We’re headed to Charleston, SC in January for the annual conference which should be a
