800 Roundwood Dr Scarborough, ME 04074

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.