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Kennebunkport hotelier invests $20M in Mount Desert Island resort

Inn transactions consolidate investments closer to home

Earlier this year, Swan sold two inns.  Smuggler’s Cove Inn, at 727 Ocean Point Road in East Boothbay, sold for $2 million in an off-market deal. Swan sold it to a group of partners that included her colleague Dana Moos, who is director of the Swan’s Agency’s lodging and hospitality brokerage. The Captain Lindsey Inn, at 5 Lindsey St. in Rockland, sold for $750,000 to Eric and Raleigh Churchill. Moos and Swan brokered the deal.   Then Swan bought the Colony Cottages, at 20 State Highway 3 in Hulls Cove, for $3.7 million. Swan and Daniel Hickman with Exit Heritage Real Estate brokered the deal.

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