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.
Sold: Coastal Hotel in Rockport, Maine
Farrell & Doak is excited to announce the sale of Glen Cove Inn and Suites, a coastal hotel in scenic Rockport, Maine. Located along highly traveled Route 1, Glen Cove Inn is in close proximity to top-notch Maine beaches, restaurants, and ocean views.
Hotel Seller’s Checklist: What to do to maximize your property sale in 2024
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.
Farrell & Doak of Keller Williams Realty Announces Successful Off-Market Sale of Cod Cove Inn in Edgecomb, Maine
Farrell & Doak of Keller Williams Realty is proud to announce the successful sale of the Cod Cove Inn, a picturesque 28-unit property perched atop a scenic hill along the iconic Route 1 in Edgecomb, Maine. Serving as the exclusive representatives for the seller and skillfully securing the buyer, Nick Farrell and Bob Doak executed an off-market transaction that epitomizes their expertise in the hospitality real estate sector.
Farrell & Doak of Keller Williams Realty Announces Successful Sale of Sarah’s Cafe in Wiscasset, Maine
In a bittersweet transaction, Bob Doak and Nick Farrell with Farrell & Doak of Keller Williams Realty represented Sarah Heald, the visionary founder of Sarah’s Cafe, who recently bid farewell to her beloved establishment as she handed over the keys to new owners Jodie and Jim Roquemore.
Understanding the New England Lodging Property Market: Trends and Opportunities
Welcome to the Farrell & Doak blog series, where we bring you recent news and valuable insights into the dynamic world of lodging properties in New England. Whether you’re a seller looking to capitalize on the market or a buyer seeking a new investment, staying informed about the latest trends and opportunities is crucial for success.