Midcoast Maine Portfolio
Confidential Resort Portfolio Investment Opportunity
Farrell & Doak Hospitality Real Estate Group and KW Commercial are proud to present the sale of a three-property lodging portfolio in the highly desired coastal leisure destination of Boothbay Harbor, Maine.
The portfolio offers investors the opportunity to own two beautiful, iconic waterfront resorts – the Newagen Seaside Inn and the Linekin Bay Resort – as well as the prominently located Flagship Inn situated along Rt 27 at the entrance to Boothbay Harbor.
The properties consist of a combined total of 168 units showcasing a mixture of guestrooms, suites, and cottages. The Newagen Seaside Inn and Linekin Bay Resort feature irreplaceable oceanfront locations with private access to docks and various water activities, and all three properties offer outdoor swimming pools and restaurants.
With a strong presence in the midcoast market, the portfolio offers investors in-place cash flow with potential for additional upside through further development and increased operating efficiencies.