Cape Cod Commercial Real Estate and Business News
In 2009, the bed and breakfast sector on Cape Cod was in a deep sleep with lots of tossing and turning. Based on year-to-date sales activity in 2010, however, the grogginess is fading and this sector like a sleep deprived teenager is now showing clear signs of awakening.
Looking to market off-season accommodations beyond offering attractive room rates and romantic get aways, Maine innkeepers have found success by offering guests packages appealing to their special interests.
In October 2008, the 141-unit International Inn in Hyannis, MA sold for $5.8 million. The sale was handled by Carey Commercial. Chuck Carey, principal of the Cape Cod commercial real estate and business opportunity brokerage firm bearing his name, shares with us his behind the scenes perspective on this notable transaction. What can you tell… [Continue Reading]
