Kennebunkport Luxury Inn and Suites

Kennebunkport, ME (York County)

Kennebunkport Luxury Inn and Suites

Asking Price:$3,800,000

Cash Flow:N/A

Gross Revenue:$817,000




Real Estate:N/A


Kennebunkport Luxury Inn and Suites

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Business Description

This upscale Kennebunkport lodging property has been skillfully curated in recent years to possess highly sought after rooms, suites, amenities and important back-of-house infrastructure. Primarily on account of significant recent capital upgrades and effective management, this lodging property has successfully captured the rising room rates available in this premium submarket, translating to strong trailing 3-year revenues. These factors combined with an excellent Kennebunkport Maine location and meticulous upkeep render this a robust and profitable southern coastal Maine lodging property.

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Detailed Information

Included in asking price
Real Estate:
Included in asking price
Building Sq. Ft.:
High value real estate, facilities, FF&E and goodwill associated with this property's name, location and reputation are all included in the offering.
The Kennebunk/Kennebunkport trade area is an exclusive enclave of upscale lodging, boutique shops and restaurants as well as extensive oceanfront beaches and natural beauty. Specifically regarding lodging properties, this submarket is virtually built-out in terms of introduction of new hotel rooms. Accordingly, existing lodging properties who have kept pace with renovations and room upgrades have benefitted handsomely, experiencing a 10+ year run of robust room rate growth estimated at 3-5% annually.
Growth & Expansion:
The room rate growth trend is apparently continuing, as hoteliers continue to increase rates at an above average pace.
Conventional debt financing widely available from local commercial lenders.
Support & Training:
Reason for Selling:

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Business Listed By:
Daren Hebold, CCIM

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