Cap rate, (capitalization rate), is a rate that helps us value a real estate investment. Cap rate equals the net operating income (NOI) divided by the purchase price. The cap rate shows the potential rate of return on the investment. So the higher the cap rate, the better. With me so far? Let me take […]
A very strong cap rate on this Maine inn for sale! And WHAT IS A CAP RATE ANYWAY? Read More »
NEW opportunity with this substantial price adjustment! When a seller says they are motivated, there can be many things that affect their decision to change the price to be more favorable to attract a buyer. $100,000 certainly is favorable to a buyer! The sellers, Tori and Robin, have owned James Place Inn since 2006 and
Price adjustment on this wonderful inn for sale in Freeport, Maine! Read More »
At a Glance-17 units: 8 cottages, 3 inn style suites, 4 lodge/motel rooms and 2 fully appointed apartments (which can be rented nightly, weekly or long term).-plenty of parking; guests can park directly next to or in front of their unit-1.41 acres-private well/all new septic-Strong seasonal business from just mid-May to mid-October.-real estate taxes $4,578
New on the market! Popular cottages at the doorstep of Acadia National Park Read More »
While we all know that L.L. Bean and the outlets have long been anchors for Freeport, the village has evolved into so much more! Did you know….There are concerts in the park all summer?There’s an annual winter festival in the park sponsored by LLBean?There are 2 state parks nearby?You can go fishing from Winslow Park?There
Freeport, Maine…Did You Know? Read More »
Yes, the Limerock Inn is motivated to sell…. Why, you ask? What’s wrong? Why are they anxious to get out? These are common questions from prospective buyers when they hear a seller is motivated. But in this case, there’s no negative reason. The owners Frank and PJ are 13 years in. That’s a pretty good
The Limerock Inn is motivated to sell? Read More »
A fantastic new listing just hit the market. Loads of goodwill comes with this inn – the innkeeper/owner has been there almost 27 years! Check out the listing presentation and contact me if you wish to discuss or have any questions. This issue checks off a lot of boxes… Offered at $1,700,000
New Listing! Lindenwood Inn in Southwest Harbor, Maine Read More »
I recently had a really great conversation with a new aspiring innkeeper. Naturally, he had a lot of questions. Many of the questions have been covered in my Top 12 Blog Posts Buyers Want To Know (which is how I came up with the topic in the first place, directly from conversations with aspiring innkeepers).
A fantastic new listing just came to the market just steps from Long Sands Beach and Nubble Light. The Lighthouse Inn and Carriage House is located in York Beach’s most sought-after neighborhood, on The Nubble! There are 31 rooms; a large lobby/great room with stone fireplace; outdoor pool and hot tub; patio with umbrella tables;
New Listing! The Lighthouse Inn & Carriage House in York Beach, Maine Read More »
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%
Maine Lodging and Restaurant Stats for 2017 Read More »
the view from the inn I showed Timbercliffe cottage the other day and while walking around, I explained that each room was named for one of the home’s former owners. The innkeepers shared this bit of history they have about the property: Just some fun facts about this Maine inn for sale! To see more
Some History of Timbercliffe Cottage, a Maine Inn for Sale 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.
Maine Inns for Sale
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