Historic Portland Hotel Opportunity

Asking Price$6,950,000

Gross Revenue
Not Disclosed

Net Operating IncomeNot Disclosed

FF&ENot Disclosed

Building Sq. Ft.15064

Price per Sq. Ft.Not Disclosed

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Historic Portland Hotel Opportunity


Asking Price$6,950,000

Gross Revenue
Not Disclosed

Net Operating IncomeNot Disclosed

FF&ENot Disclosed

Building Sq. Ft.15064

Price per Sq. Ft.Not Disclosed

Property Description
Inn at St. John
Built in 1897 as the Jefferson Hotel, the Inn at St. John stands as Portland’s oldest continuously operating inn and one of the city’s most distinctive boutique lodging properties. The 39-room inn retains its historic charm while offering a diverse room mix, including traditional en-suite rooms as well as several with private or shared hallway baths – an authentic reflection of its architectural era. Located across from Maine Medical Center and minutes from the Old Port, the Inn attracts steady year-round demand from medical, business, and leisure travelers. The inn presents a compelling value-add opportunity in a high-barrier urban market. Trailing-12 performance of approximately 59% occupancy and $102 RevPAR provides a solid foundation with clear upside through strategic renovations, upgraded bathrooms, and reconfiguration of select room types. Additional upside exists through refreshed branding, enhanced revenue management, and the potential to add an elevator. With Portland’s sustained lodging demand, a new owner has the opportunity to reposition the Inn at St John as a higher-ADR historic boutique experience and unlock meaningful gains in RevPAR and long-term asset value.
Listing Info
ID:
2443124
Listing Views:
60
Attached DocumentsAttachment Disclaimer

Inn_at_St_John_Offering_Memorandum.pdf

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Property Listed by: David Costello RockWater of KW Commercial

Listing ID: 2443124 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.