Saturday, September 14, 2019

Update on Inn on the Wharf for Sale in Lubec

If you love the idea of Inn on the Wharf but aren't looking for anything at this price point, there's an option to purchase the inn, restaurant and wharf business without the two homes and 6 vacant lots. The price for this offering would be $2,945,000.

Check out the full listing details on my website.





Saturday, August 24, 2019

A LOT HAS HAPPENED IN THE LAST TWO MONTHS!

I've been buried in new listing paperwork, but that is a good thing. More on the market from which buyers can choose.

Before I get into those listings, the lender who closed my last inn deal said commercial rates are hovering just under or around 4.5%. I was floored. I had been quoting 5%, then went up to 5.25%. Now he tells me I am safe in quoting 4.5%. The Fed didn't do anything with rates yesterday, and the lending market in Maine is still looking strong. 4.5% is historically low for commercial. It's a buyer's market!

So here's a fantastic list of new to the market inns of all types, sizes and locations:

Inn at Southwest in Southwest Harbor (on MDI) (7 rooms near Acadia National Park)
Inn on the Wharf in Lubec (23 rooms, restaurant, working wharf, whale watching cruises)
Inn at Park Spring in downtown Portland (6 rooms in the heart of town)
Five Gables Inn in East Boothbay  (16 rooms perched on a hill with a beautiful view of Linekin Bay)
Captain Sawyer's Bed and Breakfast in Boothbay Harbor  (9 rooms in town with a great view of town and the harbor)
Wilson Lake Inn in Wilton (30 unit hotel on beautiful Wilson Lake near Farmington)
Pier One (currently a vacation rental with 6 units, the owner lives in the large unit right on the water in Southwest Harbor)
Youngtown Inn and Restaurant in Lincolnville (6 guest rooms and a 55 seat restaurant just a few miles to Camden and a mile to Cellardoor Winery and Vineyard)

Inn at Park Spring


Inn at Southwest


Inn on the Wharf


Pier One


Wilson Lake Inn


Five Gables Inn


Captain Sawyer's


Youngtown Inn




And we have a new price on Inn at Sunrise Point



Check out ALL LISTINGS on my website.


Sunday, July 7, 2019

Change is Good!

As of July 1, 2019, I am the Director of Lodging and Hospitality Brokerage for The Swan Agency Sotheby's International Realty.

I started my lodging brokerage career with Kim Swan in early 2008 when I obtained my Maine real estate license and listed my own inn for sale. Kim's "Lodging Specialists" team were a small group of lodging brokers who had previously owned and operated their own inns. We walked through a buyer and seller's shoes and truly understood the nuances of an inn deal.

Around the same time, the country began to go through a recession. We sold our inn in March 2009 when the Dow hit a recession low. We were fortunate.

For the next few years I sold 1, 2, maybe 3 inns. The economy was slow to bounce back. It was in 2012 I decided to join The B&B Team. I was excited about the idea of working with buyers and sellers nationwide as an inn consultant. The B&B Team is very strong in that regard. And the idea to work for a company that focuses 100% on what I sell was appealing. The Swan Agency Sotheby's International Realty sells both inns and residential. The decision for me wasn't easy because I really liked the people I worked with at Swan. 

Fast forward to today and dozens of sales later. I have had a great run with The B&B Team. But I didn't end up working outside of Maine, because Maine kept me busy. And I realized that I truly didn't want to cover anywhere outside of Maine. The innkeeping world brought me to Maine in 2004 to buy an inn and my love of Maine has only grown since.

So after giving serious consideration of my career, I decided for the very opposite reason that I went to work with The B&B Team was going to bring me back to The Swan Agency. I wanted to work with an agency who devotes 100% of its efforts to the state I love so much. To the tourism and hospitality industry I know so well. To the state I love to call home. And Like The Swan Agency says "we work Maine, we play Maine, we are Maine'.

The opportunity for me to share my lodging brokerage expertise with other Swan Agency lodging brokers is appealing. To be the one to help others gain confidence and give them tools they might need. I guess it's why I like teaching at Stonewall Kitchen, to share what I know that has worked for me. I never saw myself as the teaching type, but I guess it was just in me and showed up at my doorstep one day. And we will be offering a variety of current innkeeper workshops as well as aspiring innkeeper seminars, but only in Maine, for those looking to buy in Maine. Stay tuned for announcements. 

So I hope to continue to work deals with my former B&B Team colleagues and look forward to my new role at The Swan Agency Sotheby's International Realty.

Thank you all for your support!


dana moosRealtor®
Director of Lodging and Hospitality Brokerage
Representing Buyers and Sellers Statewide Since 2008

Serving the Hospitality Industry, Selling the Hospitality Lifestyle


Dana Moos Consulting, LLC
danamoos.com, iPhone 207-266-5604
Cookbook Author, The Art of Breakfast
Guest Chef Cooking Instructor, Stonewall Kitchen Cooking School