Inn Brokerage Blog
Maine restaurants and hotels had a record-breaking year in 2016!
The Portland Press Herald reports “Maine restaurants and hotels had a record-breaking year in 2016, bringing in more than $3.6 billion in combined revenue, a 7 percent increase! The record sales were driven by an improving economy, warm and dry weather, and Maine’s reputation as a place for food, drink and travel.” “My thinking on
Down East Magazine Names Rockland the “Best Place to Live in Maine” March 2017
Down East Magazine held an online tournament for this year’s reader pick for the Best Place to Live in Maine…and the winner is? “YOU ONLY HAVE TO GO BACK A DECADE or so to reach a time when it may have seemed preposterous for Rockland to take top billing in a list like
SOLD! Atlantic Birches Inn in Old Orchard Beach, Maine
This wonderful historic inn designed by John Calvin Stevens just sold today. Congratulations to my sellers and to the new innkeepers. We wish them all the best!
Understanding The Numbers
I was looking at some numbers this morning (despite it being a Sunday, my mind just won’t rest) and thought I’d share the general basis of determining value for hospitality properties. And this information is helpful to buyers and sellers. Here you first see a cash flow scenario based on three fictitious properties to see if
Residential vs Commercial Real Estate: Two Entirely Different Animals
I’m connected to a lot of real estate agents all over the country through social media. And I am always watching the ‘market’ around the country through the eyes of my fellow real estate agents, just to have an understanding on what’s going on. Though much of what goes on in the residential ‘market’ doesn’t
SOLD! Atlantean Cottage Inn in Bar Harbor, Maine
A stunning architectural gem in Bar Harbor transferred ownership today. Atlantean Cottage is a Fred Savage design built in 1903 as his personal residence. The Tudor Revival features classic half timbers, a buttressed front terrace and granite block foundation from a local quarry. Atlantean stands today as a reminder of Mount Desert Island’s rich history.
New Inn Listing in Bar Harbor!
Beautiful 17 room inn, all spacious with private baths, most with fireplaces and decks and some with jetted tubs. Fantastic in town location, parking, seasonal operation, very strong numbers. Check out the listing page on my website for more details and contact me with any questions! Offered at $2,395,000
New B&B listing for sale in Camden, Maine
This lovely historic inn offers 11 guest rooms with private baths, an in-town location, an attached owner’s house built in 2005 and a strong business in place. Check out the listing on my website for more details.
Why Are There So Many Inns On The Market?
This is an all too common question I hear, followed by “is there something I should know?”. The short answer is there really aren’t any more inns on the market today than when I got started in 2008. Let’s not forget that tourism is one of Maine’s top industries (along with agriculture, manufacturing, fishing and
SOLD! The wonderful West End Inn in downtown Portland Maine!
Congratulations to Victoria, the new owner/innkeeper of the lovely and popular West End Inn and to sellers Deb and Scott. My colleague Rick Wolf represented the buyer and I represented the sellers. Today was a great way to start 2017! We wish them all well in the next chapter of their lives.
New Price! Inn at Bath, offered at $799,000!
Great location, great historic home, great condition, great business, great kitchen, comfortable elegance, 8 guest rooms with private baths, several fireplaces, a couple two person jetted tubs, beautiful historic tree-lined street just steps from downtown! Bath is a lovely year round community with a nice art and foodie scene. Contact me for more details or
Innkeeper: “How Was Your Stay? Guest: It was FINE”. Uh-oh…
This was a screen capture during a presentation from a recent hospitality conference. Until I saw this picture, the word “FINE”, to me, had another meaning. From the movie The Italian Job: freaked out, insecure, neurotic and emotional! Check out is a great time to make sure your guests enjoyed their stay. You have that
New Prominent Rockland B&B Listing!
This lovely Rockland landmark was built in 1893 and offers 8 guest rooms, a beautifully landscaped lot, detached owner’s cottage and a strong business! Great for weddings and events, and open year round. Fully sprinklered, high ceilings, beautiful original woodwork. Rooms are spacious and well appointed. There are two parlors, a lovely dining room, a
Buyers Ask: How did the seller come up with the price?
🏡 Offered at $1,500,000 🏨 A very common question I seem to get regularly from buyers is “how did you come up with the price?”. That’s a very good question. I don’t come up with a price, my sellers do. A listing agent advises, the client decides. What we do at The B&B Team is a very
Drone Photos by Penobscot Bay in Lincolnville, Maine
I decided to test out drone photos on a listing of mine yesterday. Being a hobby photographer, I’ve thought about buying a drone. But there’s quite a bit of coordination involved in setting up the drone, setting up the shot, moving it around, and watching both the drone in the sky, the screen and controls
