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Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Attributes

Year Built 2015
Tenure Type Freehold
Building Area

Property Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer, on an exclusive basis, the fee simple interest in the 44-room Inn at Diamond Cove, a timeless New England Resort in pristine condition (the “Resort” or “Property”) featuring oversized luxury guestrooms with high-end finishes situated in Great Diamond Island in Portland, Maine. Set on the historic site of Fort McKinley once used to defend the Portland Harbor, the boutique Hotel was developed in 2015 with significant attention to preserving the area’s original character and rich history. The opportunity also includes the Resort’s own 50-seat Joseph S. Kennedy Naval launch, an exclusive 45-slip marina, a 220-person wedding and event venue, and Diamond’s Edge Restaurant, boasting exquisite local flavors and breathtaking oceanfront views. The Property is nestled in one of the state’s most spectacular and unspoiled natural oases, just 20 minutes from downtown Portland’s vibrant restaurant and tourism scene.


The offering presents investors with an extremely rare opportunity to either acquire or invest in highly desirable real estate assets situated in an irreplaceable resort setting on an island off Portland, Maine. The Property is being offered at a discount to replacement costs and comparable New England sales. Fully unencumbered, the Resort allows for significant performance upside through improved operations and enhanced marketing initiatives.

Investment Highlights

Set on the historic site of Fort McKinley used to defend the Portland Harbor during the Spanish-American War, World War I, and World War II; the Resort features a unique product rich in history and natural beauty. The Hotel was restored and redeveloped in 2015 with meticulous attention to historic detail, preserving the area’s original character. Just a brief ferry ride from Portland, Maine; the Resort boasts 44 luxury guestrooms and suites, an outdoor swimming pool, wedding and event space, extensive recreational amenities, a 45-slip exclusive marina, and a 50-seat Naval launch providing transportation to and from downtown Portland. Food and beverage outlets include Lobby Bar & Café, Cabana Bar & Firepit, and the island’s highly acclaimed Diamond’s Edge Restaurant serving the Casco Bay community since the late 1980’s.

Last Updated Date: 17 Sep 2020
Denny Meikleham
Denny Meikleham
Managing Director, Capital Markets
License details
RI-REB.0017202 MA-9519748
Alan Suzuki
Alan Suzuki
Managing Director, Capital Markets

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Last Updated Date: 17 Sep 2020

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