Augusta Maine Area Inn & Events Business

Hallowell, Maine
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USD $4,295,000
Asking Price
Guest Rooms

Property Overview

We focus on three areas of critical importance when analyzing properties in our portfolio: Location, the Physical Plant, and the resulting business activity. On rare occasions a property presents itself that offers an unparalleled combination of these factors while also leaving room for strong and steady growth. This profitable Augusta Maine Area Inn & events business for sale is the latest offering that has achieved this rare balance.

Property Description

Sq Ft
No Restaurant
Owners Quarters

Highlights of this special lodging business and purpose built wedding and events venue include:

-Eight unique guest accommodations with private baths
-3,428 + sq. ft. event and wedding facilities
-31.5-acre lot offering opportunity for future development
-Total of 13,900 sq. ft. of commercial and residential space
-Two-story barn for utilitarian use or possible conversion
-Purpose built owner’s quarters
-Fully commercial kitchen with capacity for 300 meals
-Focused on sustainability and “green” initiatives
-Turnkey offering with stated exceptions
-Solid revenue history and profitability with 30+ year client list

Business Summary

The Inn is located in a resplendent country setting, offering guests views of untouched meadows and striking woodlands beyond. It’s uncommon to have this sense of calm while also being just four miles from I-95, under 10 minutes’ drive from the Maine State House in Augusta, and within five minutes of historic downtown Hallowell with its celebrated restaurants, boutique shops, and myriad other activities and attractions.

The combination of business and leisure travel driven by the Inn’s location clearly supports a viable lodging business, however, this is just a small part of the appeal of this special Maine hospitality property.

The Inn has been on the leading edge of “green” initiatives and is well positioned to take advantage of the increased customer base from many awards and recognitions. The property features a large solar electric and domestic solar hot water system, a wind turbine gracing the height of the property, 100% long-lasting and efficient LED lighting, a supplemental wood pellet boiler, and four Electric Vehicle (EV) Charging Stations.

In addition, the Inn has an established and purpose-designed wedding and event center that is ideally situated for corporate meetings, non-profit retreats, and weddings of any size. This includes state-of-the-art audio and video facilities (fully refurbished in 2023), a large permanent bar (concealed behind a roll-top until needed in-service), in-house catering services with a large commercial kitchen, outside ceremony site, a variable-sized frame tent (up to 30’ by 75’) with screen and clear sides to expand the indoor space, accessible bathrooms, an in-house commercial laundry, and storage areas. The Gathering Place is the largest space at 1800 sq. ft. of fully unobstructed space, lots of natural light, and a soaring ceiling.

Reason for Selling

Other Pursuits.

Terms & Asking Price

Turnkey Sale. Training will be provided.


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