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Lindenwood Inn Southwest Harbor, Maine

relaxation
beautiful wrap around porch
classic shingle style cottage
beautiful landscaping
Sunrise over southwest harbor
it's all about location
a quaint harbor

property overview

A tour of some guest rooms
bright and colorful reception
colorful and eclectic
warm and inviting

Built in 1904 as a sea captain’s home, the Inn is surrounded by Lindenwood trees, ocean waves, lobster, and a rich island history.

The historic Lindenwood Inn is less than a mile from downtown Southwest Harbor. Lindenwood is a short drive, hike, boat, or bike ride from Acadia National Park.

Guests at the Lindenwood Inn will gladly say “Lindenwood” does not stand just for the trees that surround it. It is another word for “relax.”

The Inn boasts an in-ground pool and a Grecian style hot tub, perfect for enjoying sunny summer days. Comfortable tables and chairs surround the pool, for wonderful spaces to enjoy and relax. Guests can also relax by the fire in the parlor or dining room.

But the Inn isn’t just a place to rest your head. It’s a place to rest your soul.

Full of culture, warmth and a few surprises, the Lindenwood Inn is a personal, cozy, modern alternative to a hotel.

Artifacts from around the globe are found throughout the inn’s common areas as well as decorations in the rooms.

property highlights

  • Built in: 1904
  • Square footage: 7,000sf
  • Lot size: .36
  • Guest Rooms: 9
  • Gas fireplaces in the parlor, dining room, Poolside Bungalow and Penthouse Suite
  • The inn has a restaurant license and liquor license
  • In ground pool, large hot tub, outdoor shower
  • Public water/sewer
  • Paved driveway can accommodate 12 cars
  • Exterior: wood shingle
  • Roof: asphalt composition shingle
  • Flooring: hardwood, tile, laminate, carpet
  • Heating: baseboard (hot water/propane/electric and oil)
  • cooking: propane
  • Water heater: off heating system
  • Zoning: Maritime/mixed residential
  • Taxes: 2018 - $7,706

A bit of the innkeeper's history

James King came over to the states from Australia at the age of 21. He has been in the innkeeping industry since he was a young traveler at the age of 23 and got his start at the Ledgelawn Inn in Bar Harbor. He spent 2 seasons there learning the ropes in preparation of finding an inn of his own.

Jim purchased a building in Lee, Massachusetts and named it Kingsleigh Inn. The inn had 5 bedrooms, which he ran while managing a Burger King down the street. Jim sold Kingsleigh Inn and moved to Maine to purchase a 1904 Queen Anne in Southwest Harbor, Maine. He converted the home to an inn and opened it as (the second) Kingsleigh Inn with 8 rooms. Jim ran Kingsleigh for many years and then sold it to take a few of years off.

In February 1993, Jim purchased a 7 room inn named the Lindenwood Inn, also in Southwest Harbor, now a 9 room boutique inn with a contemporary, eclectic flair. There’s a beautiful slate patio surrounding the outdoor pool and hot tub and a fantastic art collection from his travels. Rooms are bright and spacious. The inn has harbor views from several rooms and decks.

Jim has owned and operated Lindenwood for the last 26 years. It has as provided him with an amazing life in the small but vibrant seacoast village on Mount Desert Island, home of Acadia National Park.

The Inn has had many transformations over the years, from 7 rooms to 9, eventually expanding to include 3 properties with 24 rooms, a full service restaurant. Over the years there have been so many happy guests, repeat and new, who look forward to staying at the inn often several times a year.

Jim says “Owning and operating this amazing Inn has been an honor and a privilege to have been able to bask in the warmth of what this building, property and business has offered me and my family. I am with great joy and love in my heart, ready to pass this torch to the next stewards of this unique property.”

There’s a great deal of goodwill that will transfer with the sale of Lindenwood Inn.

The Lindenwood's Art Collection

Quite a worldly collection that conveys with the inn

owner's quarters

The owner's quarters is a lower level apartment with two bedrooms, an office area, full kitchen open to a living area, and bath with a large jet tub, separate shower. Mexican style tiled floors and beautiful exposed, large granite block walls are throughout, reminiscent of a European wine cellar! Entry from inside or outside the inn.

area location, access and visibility

Southwest Harbor is located on the western side of Mount Desert Island (MDI), much of which is divided by Somes Sound, a natural fjord renowned for its deep waters dotted with power and sailing boats and yachts. Portland International Jetport is a 3 hour drive; Camden-Rockland is about an hour 45; and the eastern most point in Maine is Lubec, at 2 hours away. MDI is a great home base for exploring all directions.

Southwest Harbor is often called "The Jewel" or “The Quiet Side” of Mount Desert Island and Acadia National Park. There are hiking trails in the park that surround this small village; you can virtually be alone to enjoy the magnificent views of the mountains, lakes, and the ocean.

​Acadia National Park boasts more than 120 miles of hiking trails on its 46,000 acres of parklands, most of which are located on Mount Desert Island. This incredible network of well-maintained, marked, and signed trails offers a range of pleasant hiking experiences.

Guest stay in Southwest Harbor as their home base for a great vacation in Maine. This traditional New England village has everything that encapsulates the heart of island life. Southwest Harbor is close to Bar Harbor, yet far enough away to avoid busy crowds and traffic. Southwest Harbor is also a great place to enjoy lesser known areas of the island.

Acadia national park
amazing hiking on mdi
Bass harbor light

market overview and potential

When looking at any business, determining market potential is at times an exercise in analysis and vision. A study of the revenue patterns for the past few years at Lindenwood Inn demonstrates that it has enjoyed a considerable increase in business and yet there remains future potential for new innkeepers. Continued room updates and online marketing will allow for a continued higher ADR.

With a continued disciplined approach to the business, judicious expenditures for controlled expenses and continued marketing, Lindenwood Inn can continue to generate a very comfortable ROI with a wonderful business and lifestyle for new owners. With the expansion into small events and food and beverage service, the possibilities are endless.

SWH: a working harbor

investment considerations

The process for assessing and valuing the business is multi-layered. The first step is to look at an actual profit and loss statement.

The second step is to consider fixed and variable costs. How can you manage things affordably? How will you increase revenue without increasing expenses? What can you do more efficiently? Can you market more aggressively? Based on your cash down, how will your net operating income work for you?

The most important part of the investment analysis is the debt coverage ratio. This is important in assessing whether a lender would consider the cash flow to be adequate to support a loan. They are generally looking for a number of at least 1.20 to 1.28. With the appropriate down payment for commercial lending, the numbers work very well at Lindenwood Inn.

Additional Sources of Information

The inn's website

The broker's listing info

Link to additional property photos

Area Chamber of Commerce

Maine Tourism Association

Maine Innkeepers Association

Other Documents Available

  • Deed
  • Supporting Financial Statements
  • Inventory of Personal Property
  • Seller’s Property Disclosures
  • Improvements List
  • Photos of Owner’s Quarters

Lindenwood Inn is offered at $1,700,000 and is proudly brought to you by

Inn Brokers and Consultants Since 1993

Dana Moos, Lodging, Inn/Bed and Breakfast and Motel Broker

Lafayette Center - 2 Storer Street, Suite 404, Kennebunk, ME 04043

iPhone 207.266.5604 efax 207.669.8326 dana@danamoos.com www.danamoos.com

Innkeeping: a home, a job, an investment and a lifestyle

Broker/Consultant Disclaimer

The B&B Team® and its representatives believe that the information contained herein is accurate and has been obtained from sources it believes reliable, including the owners of the property and business, but it has not been independently verified, is not guaranteed and is submitted subject to errors, omissions, change of price, prior sale, or withdrawal without notice. There may be additional information available to a purchaser from other sources. Purchasers should exercise whatever due diligence they feel is necessary and should not rely upon the information contained herein. Neither The B&B Team nor its representatives warrant the suitability of the property for any particular purpose and do not assure the success of any future or contemplated business venture. If you have received this from anyone other than The B&B Team or someone authorized by The B&B Team, its use is strictly prohibited.

Non-Disclosure of Material

This buyer’s offering report contains information of a sensitive nature. The owners of the property and business herein described do not want this information shared with anyone other than your legal and tax advisors; therefore, this information is released on the understanding that it will not be reproduced or disseminated without written permission of the Broker or Consultant and only after agreeing, in writing, to maintain the confidentiality of the information.

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