Category: blog

Maine Lodging Market Check-In: What the Numbers Reveal

At Farrell & Doak, we make it our business to understand the pulse of New England’s hospitality market. Every month, we track the data, speak with owners, and analyze trends so our clients can make confident, well-informed decisions about their properties.

Hotel to Housing: Lessons from the Ramada Sale

(Kittery, Maine) – Farrell & Doak Hospitality Advisors recently closed the sale of the 108-key former Ramada in Kittery, Maine. While the buyer’s vision for the property is specific to the site, it reflects a larger trend we’re seeing across New England: hotels being repositioned as housing — whether for workforce, market-rate, or mixed-use.

Hotel Seller’s Checklist: What to do to maximize your property sale in 2024

Hotel seller's checklist. Image has checkboxes on a piece of paper.

As the New England market remains strong this year–and hospitality employment continues to rebound in Maine and Massachusetts–hotel sellers would be wise to do everything they can to put their property in the best light possible. But a lot goes into maximizing your hotel’s value—we’re not just talking about room renovations. We’ve compiled some best […]