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Katahdin Inn & Suites 740 Central St 78 Room Hotel Millinocket, ME 04462 $2,695,000 ($34,551/Room)

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INVESTMENT HIGHLIGHTS

77 guest rooms & suites, offering scenic views for leisure or business travel
Versatile meeting & event spaces for weddings, corporate retreats, and special events.
Easy access to renowned hiking trails, fishing spots, and snowmobiling routes.

Indoor heated pool and hot tub; billiards; game room; fitness center
Conveniently located near Baxter State Park, home of the majestic Mount Katahdin.
Great upside potential! Current management is offsite & dependent on staff

EXECUTIVE SUMMARY

Seize a rare opportunity to own the Katahdin Inn & Suites, a welcoming retreat nestled in Millinocket, Maine, gateway to the majestic Mount Katahdin. Surrounded by beautiful pines and the serene Penobscot River, this inn attracts outdoor enthusiasts and nature lovers year-round. Invest in a beloved destination embodying northern Maine's rugged charm. Renowned for its scenic beauty and recreational opportunities, Millinocket attracts visitors seeking both adventure and relaxation. Nestled in the heart of the scenic Mt. Katahdin Region and situated along the 89 Mile Scenic Byway of the Katahdin Woods and Waters National Monument. It’s convenient location along a primary tourist route and capital improvements makes Katahdin Inn & Suites an excellent investment in Maine’s thriving outdoor tourism market.

OM Katahdin Inn & Suites

NDA Katahdin Inn & Suites

PROPERTY FACTS

Price	$2,695,000	Building Size	63,305 SF
Price Per Room	$34,551	No. Rooms	78
Sale Type	Investment	No. Stories	3
Sale Condition	Business Value Included	Year Built	1987
Property Type	Hospitality	Parking Ratio	0.76/1,000 SF
Property Subtype	Hotel	Corridor	Interior
Building Class	C	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Lot Size	2.47 AC
Zoning	HC

Price	$2,695,000
Price Per Room	$34,551
Sale Type	Investment
Sale Condition	Business Value Included
Property Type	Hospitality
Property Subtype	Hotel
Building Class	C
Lot Size	2.47 AC
Building Size	63,305 SF
No. Rooms	78
No. Stories	3
Year Built	1987
Parking Ratio	0.76/1,000 SF
Corridor	Interior
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	HC

Fitness Center
Pool

High Speed Internet Access
Meeting Event Space

Public Access Wifi

Smoke-Free

ABOUT 740 CENTRAL ST , MILLINOCKET, ME 04462

Muroff Hospitality Group is proud to exclusively present the sale of the Katahdin Inn & Suites. Located in Millinocket, Maine, the gateway to Mount Katahdin and Baxter State Park, this property offers a prime investment opportunity in a premier outdoor destination. Renowned for its scenic beauty and recreational opportunities, Millinocket attracts outdoor enthusiasts year-round, ensuring steady demand for lodging. The inn’s recent renovations, strategic location along a primary route, and proximity to outdoor attractions such as hiking, fishing, moose tours, and snowmobiling routes provide significant revenue potential. With ample on-site amenities and minimal local competition, Katahdin Inn & Suites represents an excellent investment in Maine's thriving outdoor tourism market.