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The Lodge at Turbat's Creek 7 Turbats Creek Rd 27 Room Hotel Kennebunkport, ME 04046 $4,500,000 ($166,667/Room)
Investment Highlights
- The Inn is well-maintained and fully operational, allowing for a seamless transition to new ownership and providing an immediate revenue stream.
- Pending zoning approval, space is more than sufficient to add a small poolside bar to service the pool and hotel guests.
- With 4.2 acres, there is adequate land for the expansion of Guest Amenities such as fire pits, cornhole bocce ball and possibly a tennis court
- Currently hosts few events, limited to elopements. Events & hosting destination weddings of varying sizes offer the potential for significant addition
Executive Summary
Nestled in the charming town of Kennebunkport among beautifully landscaped grounds, this hotel is centrally located just moments from shopping and restaurants, many recreational activities, and several beaches.
The hotel offers 27 comfortable and spacious guest rooms with thoughtful amenities, including a sunny outdoor pool and staff housing. A rare opportunity to acquire one of Kennebunkport’s last family-owned hotels.
The hotel offers 27 comfortable and spacious guest rooms with thoughtful amenities, including a sunny outdoor pool and staff housing. A rare opportunity to acquire one of Kennebunkport’s last family-owned hotels.
Property Facts
| Price | $4,500,000 | Lot Size | 4.20 AC |
| Price Per Room | $166,667 | Building Size | 11,778 SF |
| Sale Type | Investment | No. Rooms | 27 |
| Sale Condition | Business Value Included | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1978/1998 |
| Property Subtype | Hotel | Parking Ratio | 1.63/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Zoning | VRE - Motel | ||
| Price | $4,500,000 |
| Price Per Room | $166,667 |
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 4.20 AC |
| Building Size | 11,778 SF |
| No. Rooms | 27 |
| No. Stories | 2 |
| Year Built/Renovated | 1978/1998 |
| Parking Ratio | 1.63/1,000 SF |
| Corridor | Exterior |
| Zoning | VRE - Motel |
Amenities
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
About 7 TURBATS CREEK RD , KENNEBUNKPORT, ME 04046
Spacious 22x14 ft rooms throughout Installed two new boilers (Propane) for Hot Water New Heat and A/C Wall Units in Every Room Full-Length Mirrored Closets Heated Pool Modular trailer customized to accommodate 2-bedroom staff housing w/ full kitchen Full commercial-grade laundry and ample linen storage A foundation was installed in the lawn immediately mirroring the 27 keys, providing the ability to build up to another 27 keys directly across the parking lot, potentially doubling the room count at this hotel, subject to Town approvals and permits.
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 27 | $249.00 | - |
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | KENP-000021-000001-000006 | Improvements Assessment | $829,300 |
| Land Assessment | $168,200 | Total Assessment | $997,500 |
Property Taxes
Parcel Number
KENP-000021-000001-000006
Land Assessment
$168,200
Improvements Assessment
$829,300
Total Assessment
$997,500
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The Lodge at Turbat's Creek | 7 Turbats Creek Rd