Residence Inn Portland Scarborough ME
Trailing 36-month average occupancy of ~80%
Marketing description
Fee simple interest in the institutionally owned and operated 78-room Residence Inn Portland Scarborough, Maine
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
Adjacent to and directly visible from the I-95/I-295 interchange, with 80,000+ vehicles passing daily
Approximately three miles from Portland International Jetport—Maine’s largest airport—with nearly 12% year-to-date passenger growth and nearly $22 million in recently completed renovations
Readily accessible to core leisure demand, including downtown Portland, the historic Old Port, the State Theater, Merrill Auditorium, Thompson’s Point, and the Children’s Museum
Readily accessible to Hadlock Field (7,000+ capacity), which recently completed a $10 million renovation and expansion
Readily accessible to the 700-bed Maine Medical Center—the largest hospital in the state and the recent recipient of a $378 million expansion and modernization completed in 2024
Investment highlights
Proximate to regional corporate demand, including WEX, General Dynamics, Weapons Systems, Nestlé, Texas Instruments, and General Electric
Proximate to regional university demand, including the University of Southern Maine, University of Maine Law, Southern Maine Community College, University of New England, and Bowdoin College
Convenient to numerous leisure attractions, including L.L. Bean Corporate Headquarters, Kennebunkport, and the area’s world-renowned beaches and coastline
A unique opportunity to acquire at a substantial discount to replacement cost in Maine’s largest city, with diverse corporate and leisure demand
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