Hospitality Group

Avison Young Lists Point Lookout Resort & Conference Center - Northport, Maine

Point Lookout MaineAvison Young, as sole exclusive agent, is pleased to offer the fee simple interest in the Point Lookout Resort & Conference Center (hereinafter "Property," or "Hotel,"), a full service resort and conference center located in Northport, Maine. 

The Property is in the Crows Nest neighborhood of Northport. The are lies along the east of Penobscot Bay. Wrights Cove, Pitcher Pond. Fire Island, Spruce Head, and Ducktrap Harbor are a few unique landscape features around the are. The Ducktrap River enters Penobscot Bay less than one mile to the west of the Property. U.S. Route 1 (Atlantic Highway) is the main throroughfare through the neighborhood. The area is primarily undeveloped and forested land with light single-family residential development along the water's edge.

Guests of Point Lookout can enjoy access to a wealth of indoor and outdoor recretion activities. Guests have options such as a morning game of tennis, hiking, biking, kayaking, horseshoes, disc gof and more while taking in the fresh mountain air. Should the day be cool or rainy, guests can enjoy the Property's state-of-the-art fitness and recreation complete with racquetball and squash courts, billiards, ping pong, basketball or volleyball in the gymnasium. The Property has an eight-lane bowling alley, complete with foosball and video game arcade. Guests can also enjoy a round of disc golf on our 18 hole course.

The Property offers casual dining at the Copper Pine Cafe, where meals may be enjoyed inside or out, serving breakfast and lunch with fresh, farm-grown ingredients from our very own year-round certified organic farm, which includes eggs, produce, herbs and honey blended in original Maine recipes and prepared to the highest standards. The Property consists of 387.30 acres. The Property is encumbered by four conservation easements deeded to the Coastal Mountains Land Trust. Approximately 160 acres are encumbered by these easements, which preclude development, commercial uses (except passive recreational use by resort guests,) subdivision, or surface alteration, exisiting site improvements like roads or trails may be maintained, and a forest management plan may be implemented. 

Property Highlights

  • 387.3 Acres
  • 24,500 square feet of meeting and function space
  • 106 cabins with 188 beds
  • 36,000 square foot fitness center
  • 13,000 square foot bowling alley
  • 18,000 square foot administrative office/warehouse building
  • 23,000 square foot elementary school
  • One single family residences
  • Recreational facilities that include two tennis courts, hiking trails, playground, farm, and a synthetic soccor field

Upside Potential

There are a number of compelling aspects to this investment opportunity, which should provide a significant increas in value for an investor, which are as follows: 

  • Unique asset in remote location, ready-made for a corporate retreat
  • Due to the layout, there are several potential alternative strategies for the use of the property
  • Increased 'in-season' group business opportunity with new ownership

Financial Highlights

Price - $10,000,000

Price Per Key - $94,340

Number of Rooms - 106 

For more information on this listing, contact Michael Bernath at 770.692.1605 or michael.bernath@avisonyoung.com 

published: 01-19-2018

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