800 Roundwood Dr Scarborough, ME 04074
78-room hotel in Scarborough, Maine available for sale.
Source:
Alchemyrea
Listing Agent: Brent Clemens
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Residence Inn Portland Scarborough
This is a fee simple interest in the institutionally owned and operated 78-room Residence Inn located in Portland Scarborough, Maine. The property is available unencumbered by management, offering new ownership the opportunity to reduce corporate-related expenses. The hotel has a trailing 36-month average occupancy of approximately 80%, with a strong in-place yield. It is located near regional corporate demand drivers, such as WEX, General Dynamics, Weapons Systems, Nestlé, Texas Instruments, and General Electric. The property is also proximate to several universities, including the University of Southern Maine, University of Maine Law, Southern Maine Community College, University of New England, and Bowdoin College. Numerous leisure attractions are conveniently accessible, including L.L. Bean Corporate Headquarters, Kennebunkport, and the area’s beaches and coastline. This presents an opportunity to acquire a property in Maine’s largest city at a discount to replacement cost, benefiting from diverse corporate and leisure demand.
Location Intelligence
Current Use by Public Records
Residence Inn Portland ...
Hotel
800 Roundwood Drive ...
Parking Lot
Location Insight
- Map
- Local Demand
- City
- Scarborough
- County
- Cumberland
- State
- Maine
- Longitude
- -70.3551893
- Latitude
- 43.6203497
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FAQs
What type of property is this?
Hotel - 78-room hotel in Scarborough, Maine available for sale.
Where is this hotel located?
The property is located at 800 Roundwood Dr Scarborough, ME.
What are key features of this property?
This property features: - Available unencumbered by management, allowing new ownership to reduce corporate-related expenses.; - Ability to relicense under the existing Residence Inn by Marriott flag.; - Trailing 36-month average occupancy of ~80%, with strong in-place yield supporting attractive financing.