Tuesday, June 24, 2014

SOLD 6/24/14! Hawthorn Inn in Camden, Maine

Congratulations to buyers Ted and Lisa and sellers (and retiring innkeepers), Maryanne and Bill! A lovely inn, lovely transaction on all counts. I represented the seller, Rick Wolf, also of The B&B Team represented the buyers.

Friday, June 20, 2014

Looking for a decent paycheck as a lodging/hospitality owner?

If you had something in the $250k range to put down, could run a seasonal, 6 month business mid-coast Maine and realize a $100k cash flow, would you be interested?

Contact me for details, I have a listing that offers a VERY strong performing business and are motivated sellers.

New Listing! A gorgeous 1810 Greek Revival in Bath!

8 guest rooms, 2 large living rooms, large dining room, beautiful open kitchen, gorgeous mature trees and perennial garden, close to shops and restaurants. Offered at $950,000; strong business with room for growth. Visit my website for details.

Tuesday, June 3, 2014

Looking for a strong seasonal lodging business?

We know in real estate it's all about location, location, location.

But in commercial real estate, it's usually all about numbers, numbers, numbers. Sometimes it's an emotional buy but sometimes it's not and it's all about the value of the cash flow.

Claddagh Motel in Rockport, Maine has seen increased revenues over the past several years and 2014 continues the trend. May is up 16% over 2013 and last May was a good year! They have a very strong occupancy, gross revenue and net operating income. Based on their occupancy, it seems they've priced their rooms just right. They also have a spacious 3 bedroom 2 bath owner's quarters with kitchen, living room and a den.

Contact me to discuss the financial details and see if you're a good candidate for this great business! A signed non-disclosure agreement is required.

Offered at $1,195,000

View the listing details on my website.

two of the three buildings