Description

Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to offer, on an exclusive basis, the fee simple interest in the 61-room Bluebird Ocean Point Inn (the "Hotel" or "Property"), an irreplaceable oceanfront inn located in East Boothbay, Maine. This offering represents a rare opportunity to acquire a fully renovated, turnkey seasonal property that is offered unencumbered by both brand and management.

Strategically positioned in Mid-Coast Maine, the Property benefits from exceptional accessibility to the region's most sought-after destinations. Boothbay Harbor, a vibrant coastal town with shops, galleries, and dining, is just a seven-mile drive from the inn. The Property is also within convenient reach of Bar Harbor and Acadia National Park (approximately 90 minutes) and Greater Boston (approximately three hours), making it an ideal base for leisure travelers exploring coastal New England.

The Property recently underwent a comprehensive renovation from 2022 to 2023 with a total cost of approximately $4.8 million or $78,700 per key. This transformational capital investment completely repositioned the asset as a premier destination in the market and minimizes the need for near-term capital expenditures. Situated in the coveted Ocean Point neighborhood, the 17-building campus offers guests breathtaking, unobstructed views of Linekin Bay and the Atlantic Ocean. Operating seasonally from late May through mid-October, the inn captures the peak summer and fall foliage demand while maintaining an efficient cost structure during the off-season months.

The Hotel currently sits on ~15 acres of land, some of which is suitable for future residential development. The Hotel offering includes approximately ~12.5 acres of land, with ~2.5 acres of excess land available for purchase separately.

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