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Luxury Event Center & Boutique Hotel, Maine's Tallest Building!

Lewiston, ME (Androscoggin County)

Seller Financing Available
Front of Agora Grand Event Center
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Asking Price: Get Financing: $910,000

Cash Flow: $145,430

Gross Revenue: $277,802



Inventory: N/A

Real Estate: $921,400

Established: 2014

Luxury Event Center & Boutique Hotel, Maine's Tallest Building!

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Business Description

Gorgeous historic buildings, fully renovated, immediately profitable!

The former St. Patrick’s Church and Rectory became the Agora Grand and Inn at the Agora after extensive renovations to both properties which are adjacent to each other. The Agora Grand Event Center opened in 2016 from Maine's tallest building, which was built in 1890. The Inn at the Agora opened in 2015 in the former rectory, known as Kelsey Hall, built in 1850.

Taking its name from the Greek word for “gathering place,” in which friends and loved ones gather in celebration, the Agora Grand specializes in elegant weddings, corporate events, conferences and private parties. These two 19th century landmarks have been renovated and upgraded to complement and elevate the heritage of the buildings themselves.

BOTH PROPERTIES INSTANTLY PROFITABLE! 2017 Capitalization rate of 16.0% based on sale price of $910K.

* 14,487 SF church built in 1890 in Neo-Gothic architectural style and designed by Patrick Keeley (designed of the Portland Cathedral)
* Church closed in late 2009; Opened in April 2016 as the Agora Grand Event Center (first wedding took place May 21, 2016); INSTANTLY PROFITABLE
* Renovations include: New plumbing, HVAC, life safety code systems; new bar, commercial kitchen and 2-level balcony lounge; new flooring, custom light and sound systems; Honeymoon guest suite in tower, surrounded by stained glass; new large restrooms (11 stalls in women’s and 3 stalls/2 urinals in men’s); Legacy features and artifacts include: (58) original pews 55± foot ceilings
* Historic charm and priceless artifacts including: rose window and other stained glass, honeymoon/guest suite in tower, Harry Cochrane painting, incredible wood and stone work, ornamentation and intricate detail.
* Website is

* 8,548 SF mansion built in 1850 by Capt. Albert Kelsey
* Opened in March 2015 as the Inn at the Agora (5) suites with (2) additional rooms for expanded suites Innkeeper’s quarters on 3rd floor
* Fully renovated including: New HVAC, fire alarm, sprinkler system; New kitchen and appliances; (5) guest rooms (Kelsey Family Suite, Healy Suite, Wallace Suite, McDonough Family Suite, Gleason Suite); (2) annexes for family guest rooms; 3rd floor innkeeper’s suite
* In March 2015, the Inn at the Agora was opened for year-round operation; INSTANTLY PROFITABLE

Attached Documents

Detailed Information

Included in asking price
Real Estate:
Included in asking price
Building SF:
The sale includes: Agora Grand Event Center (Fully renovated 14,487 SF building with Reception Hall, Chapel, two-level lounge, commercial kitchen, large parking lot on 1.1 acres) Inn at the Agora (Fully renovated 8548 SF historic mansion with 5 guest rooms, innkeeper's quarters, and parking lot on 0.31 acres) All FF&E to run both turnkey and profitable businesses Goodwill & intellectual property
The Agora Grand is the only luxury wedding and event center in Lewiston-Auburn and commands significantly higher fees than nearby venues. The luxury wedding industry in Maine is growing, and a growing portion of the Agora Grand's clientele is from out-of-state. The Inn at the Agora is Lewiston-Auburn's highest rated hotel (3.5 stars) with average 4.5+/5 reviews on TripAdvisor. It is also the closest hotel to Bates College, which provides a significant share of business.
Growth & Expansion:
The Inn at the Agora has been open since 2015 and has seen year-after-year growth. The cash flow of the inn was $45,388 in 2017 (not including housekeeping, which would ADD another $14036)! The Agora Grand is currently open only May-October and focuses on one event per week. Significant growth possibilities include two or more weddings/events per week and staying open all year. The Agora Grand opened mid 2016 and the 2017 cash flow was $86,006, hugely profitable in its first full year. Long term cash flow should easily exceed $200K/year.
Partial owner financing and/or lease-to-own option available to qualified buyers
Support & Training:
Owner will provide training as necessary for a smooth transition
Reason for Selling:
Wife got placed in North Carolina residency program; need to move.
Business Website:
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Business Listed By:
Andrew Knight

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