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For Sale: Classic Maine Inn and Business

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For Sale: Classic Maine Inn and Business FOR SALE: CLASSIC MAINE INN AND BUSINESS THE INN ON WINTER’S HILL Beautiful Historic Inn on Spectacular Grounds 20 Guest Rooms & Full Restaurant/Dining IN THE HEART OF MAINE’S NORTHERN SKIING AND GOLFING VACATION REGION BEAUTIFULLY APPOINTED INN ON 6.3± ACRES IN KINGFIELD, MAINE OVERLOOKING THE TOWN AND RIVER Listed in the National Register of Historic Places Turnkey opportunity with all FF&E included in sale 20 beautifully decorated guest rooms and a 2-bedroom owner’s unit JOHN DOYON, CCIM 207.772.8300 direct Grounds are flowered and have 12± apple trees; lawn descends to the Carrabassett River 207.358.7913 direct fax Kingfield is the gateway to Sugarloaf - New England’s Largest Ski & Golf Resort [email protected] SALE PRICE: $990,000. MALONE COMMERCIAL BROKERS | 5 MOULTON ST, PORTLAND, ME 04101 | 207.772.2422 | MALONECB.COM LOCATED IN MAINE’S HIGH PEAKS REGIONPROPERTY | INTRODUCTION SUMMARY TO THE AREA THE INN ON WINTER’S HILL represents a rich part of Kingfield’s history and was owned for three generations by the Winter family. Amos Winter was not only Kingfield’s “town father,” but also he was the person whose vision and involvement was directly responsible for developing the Sugarloaf Ski Area just 15 miles to the west. Sugarloaf is widely considered to be one of the East’s most professional and challenging mountains and has the only above tree-line terrain in the east. It is now also the largest ski resort east of the Rocky Mountains with over 1,240 acres of terrain for both on and off-piste (back country) skiing as well as skiing in Sugarloaf’s famed snowfields and backside terrain. The area is known as Maine’s High Peaks Region with several of the state’s highest, 4,000+ foot mountains which include Sugarloaf (Maine second highest), the 12± mile long Bigelow Range, Crocker Mountain, Mount Abram and Mount Redington. From the top of Sugarloaf, one has distant views of Mount Katahdin (Maine’s highest), Saddleback Mountain, The Sunday River Ski Resort and Mount Washington in New Hampshire (the highest peak in New England at over 6,000 feet). This natural and beautiful area also affords other outside activities including golfing at one of New England’s top rated courses at Sugarloaf, cross-country skiing on groomed trails, snowshoeing, snow- mobiling and ATV’ing departing directly from the Inn’s grounds along with fishing, rafting, canoeing and kayaking. The Northern Forest Canoe Trail starts at the south branch of the Dead River and there are town maintained mountain bike trails as well as the Narrow Gauge Pathway on land owned by Carrabassett Valley and the Penobscot Nation. Kingfield is a very popular four-season region for vacations and holidays for visitors from Maine, New England and beyond. MALONE COMMERCIAL BROKERS | 5 MOULTON ST, PORTLAND, ME 04101 | 207.772.2422 | MALONECB.COM THE INN ON WINTER’S HILL | PROPERTYPROPERTY SUMMARY SUMMARY THE INN ON WINTER’S HILL is owned and operated by veteran hotelier, John Banta, who is only the fifth owner in its 115± year history. John’s long career has included top level management roles for Hyatt and Kintetsu. He can be a valuable asset to new owners. SELLERS: Post Hotel Company, Inc. (business owner) 33 Winter Hill Street, LLC (real estate owner) ADDRESS: 33 Winter Hill Street - Kingfield, Maine SITE SIZE: 6.33± Acres (town record) ZONE: Growth District DEED: Franklin County Registry of Deeds, Book 3721, Page 29 ASSESSORS REFERENCE Map 015, Lot 008 ASSESSMENT: Land - $36,518; Improvements $512,901; Total: $549,419 (Maine assessed values often do not reflect market values) TAXES: $9,340.12 ($17.00 mil rate) WATER/SEWER: Municipal INSURANCE: The complex is insured through the National Trust for Historic Preservation for $2,400,000 PARKING: 20± Unlined parking spaces on site F F & E: The property will be conveyed with all suites and common areas as currently furnished. A complete inventory along with a small list of exceptions should be requested before presenting an offer. OTHER: Clay tennis court on the property which currently needs restoration The main parcel may accommodate additional development An adjoining parcel with a mobile home may be available for purchase SALE PRICE: $990,000. MALONE COMMERCIAL BROKERS | 5 MOULTON ST, PORTLAND, ME 04101 | 207.772.2422 | MALONECB.COM THE INN ON WINTER’S HILL | INN / BUSINESSPROPERTY INFORMATION SUMMARY THE INN ON WINTER’S HILL is positioned on 6± acres overlooking Kingfield and river and features a front porch for reading and relaxing. The original building (Main House) contains historic guest rooms with period furnishings, pressed-tin ceilings and a variety of hardwood flooring milled in Amos Winter’s mill over 100 years ago. The Main House’s bedrooms are accessed by a wide and stately staircase representative of the era. There are an additional 16 more contemporary rooms (Barn) with historic accents and a country theme built about 50 years ago on the foundation of the original barn which is connected to the Main House. These upper level rooms feature a view toward the Carrabassett River. Finally, there is a separate owner’s unit on the top floor with one or two bedrooms and two bathrooms. The grounds are flowered and have 12± apple trees which attract deer in the fall. The lawn descends to a footpath which accesses the West Branch of the Carrabassett River. BUILDING SIZE: 14,391± SF (town record) AGE: Main House: Circa 1903—turn of the century with substantial recent renovations Barn Addition: Circa 1978—built approximately 50 years ago CONSTRUCTION: Wood Frame FOUNDATION: Main House: Stone foundation Barn: Poured concrete over the original foundation of unknown composition EXTERIOR: Clapboards ROOF: Metal roof on both structures with a flat, rubber membrane roof between the buildings INSULATION: The insulation is generally unknown except for some visible fiberglass and blown-in insulation in the main house. The owner’s belief is that fiberglass was used in the Barn. WINDOWS: Main House: Single and double pane windows Barn: Double pane windows CEILING HEIGHT: Main House: 9-10± feet Barn: 8± feet MALONE COMMERCIAL BROKERS | 5 MOULTON ST, PORTLAND, ME 04101 | 207.772.2422 | MALONECB.COM THE INN ON WINTER’S HILL | INN / BUSINESSPROPERTY INFORMATION SUMMARY (continued) FLOORS: Hardwood, synthetic flooring and carpet LIGHTS: Various overhead lighting fixtures and fluorescent HVAC: Maine House: Propane baseboard heat as well as oil-fired hot air. The furnace heating the main floor of the house is about 3 years old. There is also one heat pump in the living room. Barn: Two (2) oil fired furnaces with hot water baseboard heat. There are four (4) oil tanks HOT WATER: Oil fired off from the furnaces OWNER’S UNIT: Main House: Consists of 1 to 2 bedrooms and 2 bathrooms GUEST ROOMS: Main House: Four (4) guest rooms Barn: Sixteen (16) guest rooms. Five (5) lower level rooms that are currently not in use BATHROOMS: Each guest room has a private bath DINING ROOM: Seats 40± guests KITCHEN: Full commercial kitchen LIVING ROOM: Seats 27± with space to accommodate 75 to 100± guests when using adjoining rooms UTILITY AREA: Several utility areas for supplies and linens SMOKING POLICY: Non-smoking facility Beverages and meals are served in its casually elegant living room featuring a granite-faced fireplace, Persian and other oriental rugs, comfortable chairs and couches, dining tables and a bar. This room is also ideal for hosting special events. The elegant dining rooms accom- modate more formal dinner experiences and events. This document has been prepared by Malone Commercial Brokers for advertising and general information only. Malone Commercial Brokers makes no guarantees, representations or warranties of any kind, expressed or implied, regarding, but not limited to, warranties of content, accuracy, and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Malone Commercial Brokers excludes unequivocally all informed or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages there from. All data is subject to change of price, error, omissions, other conditions or withdrawal without notice. Malone Commercial Brokers is acting as the Seller’s/Lessor’s agent in the marketing of this property. 6.11.18has THE INN ON WINTER’S HILL | PHOTOSPROPERTY SUMMARY THE INN ON WINTER’S HILL, a Georgian Revival style home, was built in the early 1900’s by F. O. and F.E. Stanley (the Stanley Steamer inventors and F. O. went on to build the Stanley Hotel in Estes Park, Colorado featured in the movie The Shining). The project was under the direction of Amos Winter and reflects the elegant style of the turn of the century. Winter built the property as a wedding gift for his wife, Julia, and it certainly affords an ideal romantic setting for wedding venues and other special events. The inn is listed in the National Register of Historic Places. THE INN ON WINTER’S HILL | AREA PROPERTY SUMMARY FLAGSTAFF LAKE Walking Distance to: The Stanley Museum One Stanley Avenue Restaurant The Herbert Grand Hotel Kingfield Health Center 15± Miles to Sugarloaf Ski Resort and Golf Course 25± Miles to the University of Maine at Farmington 50± Miles to the Canadian Border RANGELEY 33 WINTER HILL ST 120± Miles to Portland and the Portland International Jetport 200± Miles to Boston Potential buyers should plan a two day or more stay in the area to explore Kingfield, Sugarloaf, Stratton/Eustis and Flagstaff Lake, and if time allows, a short trip to Rangeley, located on Rangeley Lake, is recommended to visit this charming four season resort town.
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