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Katahdin Inn & Suites 740 Central St 78 Room Hotel Millinocket, ME 04462 $3,635,366 CAD ($46,607 CAD/Room)
Investment Highlights
- 77 guest rooms & suites, offering scenic views for leisure or business travel
- Versatile meeting & event spaces for weddings, corporate retreats, and special events.
- Easy access to renowned hiking trails, fishing spots, and snowmobiling routes.
- Indoor heated pool and hot tub; billiards; game room; fitness center
- Conveniently located near Baxter State Park, home of the majestic Mount Katahdin.
- Great upside potential! Current management is offsite & dependent on staff
Executive Summary
Property Facts
| Price | $3,635,366 CAD | Building Size | 63,305 SF |
| Price Per Room | $46,607 CAD | No. Rooms | 78 |
| Sale Type | Investment | No. Stories | 3 |
| Sale Condition | Business Value Included | Year Built | 1987 |
| Property Type | Hospitality | Parking Ratio | 0.76/1,000 SF |
| Property Subtype | Hotel | Corridor | Interior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 2.47 AC | ||
| Zoning | HC | ||
| Price | $3,635,366 CAD |
| Price Per Room | $46,607 CAD |
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.47 AC |
| Building Size | 63,305 SF |
| No. Rooms | 78 |
| No. Stories | 3 |
| Year Built | 1987 |
| Parking Ratio | 0.76/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
| Zoning | HC |
Amenities
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
About 740 CENTRAL ST , MILLINOCKET, ME 04462
Muroff Hospitality Group is proud to exclusively present the sale of the Katahdin Inn & Suites. Located in Millinocket, Maine, the gateway to Mount Katahdin and Baxter State Park, this property offers a prime investment opportunity in a premier outdoor destination. Renowned for its scenic beauty and recreational opportunities, Millinocket attracts outdoor enthusiasts year-round, ensuring steady demand for lodging. The inn’s recent renovations, strategic location along a primary route, and proximity to outdoor attractions such as hiking, fishing, moose tours, and snowmobiling routes provide significant revenue potential. With ample on-site amenities and minimal local competition, Katahdin Inn & Suites represents an excellent investment in Maine's thriving outdoor tourism market.
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 10 | $250.90 CAD | - |
| Guest Room | 68 | $191.55 CAD | - |
Property Taxes
| Parcel Number | MLNK-000010-000092-000001U | Improvements Assessment | $2,060,895 CAD |
| Land Assessment | $144,066 CAD | Total Assessment | $2,204,961 CAD |
Property Taxes
Presented by
Katahdin Inn & Suites | 740 Central St
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