Maple Hill Farm Inn and Conference Center 11 Inn Rd 8 Room Bed and Breakfast Hallowell, ME 04347 $4,195,000 ($524,375/Room) 13.31% Cap Rate

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INVESTMENT HIGHLIGHTS

Turnkey profitable lodging and event center.
Diverse business operates all year round.

Hosts over 200 meetings and weddings each year with onsite catering and bar service!
Spacious and quiet country location.

EXECUTIVE SUMMARY

Well-established and highly successful boutique inn with eight guest rooms plus a full service conference, event, and wedding facility for 150+ guests, complete with on-site custom catering and full bar service. Centrally located to serve the entire state of Maine and beyond, several buildings on 31+ acres of rolling countryside that provides for expansion opportunities, although the current cash flow supports the listing price. Bonuses include 2-3 bedroom spacious owner’s or manager’s quarters, stellar reputation for being a leader in sustainability, fully equipped turnkey operation, tent to expand the largest (1800 s.f.) event space, large four-bay garage, 84-car paved and lit parking lot, four EV charging stations, sauna, outdoor hot tub, and much more. Current ownership for the past 32 years is seeking retirement. Adjacent 18+/- acres with house and storage barn also available.

Offering Memorandum

PROPERTY FACTS

Price	$4,195,000
Price Per Room	$524,375
Sale Type	Investment
Cap Rate	13.31%
Sale Condition	Business Value Included
Property Type	Hospitality
Property Subtype	Bed and Breakfast Hospitality Hotel
Building Class	B
Lot Size	31.20 AC
Building Size	13,313 SF
No. Rooms	8
No. Stories	2
Year Built/Renovated	1906/2004
Parking Ratio	6.31/1,000 SF
Corridor	Interior
Zoning	RF - Rural-Farm zoning designation, but inns and conference centers are a conditional use. The property has been in operation since 1989.

Business Center
High Speed Internet Access
On-Site Bar

Bed & Breakfast
Meeting Event Space

Wedding Venue
Public Access Wifi

Smoke-Free
Hot Tub

ABOUT 11 INN RD , HALLOWELL, ME 04347

31.2 acres of rolling fields and woods surround this quiet country location, yet located just four miles from the Augusta Maine Interstate exit. There are several buildings, including the main inn with eight unique guestrooms, all with private baths, and some with HUGE double whirlpool tubs, fireplaces, and private decks. The main inn has been greatly enlarged to include an 1800 s.f. event space which is expandable by adding a tent (up to 2250 s.f.), a large commercial kitchen, large commercial laundry, 800 amp electrical service, and other support facilities including a four-bay garage. Attached by a porte cochere at the main entrance, the Carriage House has a smaller event center, and a spacious 2-3 bedroom owner's or manager's quarters upstairs. There is a large two-story barn, currently with llamas and chickens plus a large woodworking space, but this could be converted into another event venue or additional lodging. Plenty of room for expansion opportunities!