Overview
This exceptional 96-key hotel in Bangor, Maine, presents a lucrative investment opportunity. Boasting 20,266 square feet, this 1985-built property is ideally situated in central Maine, offering easy access to Bangor Raceway, the Civic Center, Penobscot River, Husson College, and the University of Maine at Orono. A short drive also connects guests to Acadia National Park, Bar Harbor, Mount Katahdin, and Baxter State Park. The hotel features a 933-square-foot conference facility accommodating up to 70 people, perfect for various events. On-site employee housing adds to its operational efficiency. Guest amenities include a fitness room, guest laundry, a game room, meeting and banquet rooms, and ample parking. Guest rooms are well-appointed, many featuring in-room safes, coffee makers, and refrigerators. The property's location and existing infrastructure present a strong foundation for continued success, with potential for repositioning or franchise affiliation. The asking price is $7,990,000, translating to $394.26 per square foot. The varied accommodations include single, queen, and king-size beds, with extended-stay units available. Additional amenities include large-screen TVs, microwaves, and refrigerators in many rooms, along with a business center and breakfast room. Its proximity to restaurants, universities, and other attractions makes it a highly desirable location for both business and leisure travelers. This hotel offers a compelling blend of established infrastructure and significant growth potential.
