July 18, 2024


World Trip Is Really Fun

Solon Resort house owners say itemizing property is wise enterprise, not an indication they’re leaping ship

Solon Resort house owners say itemizing property is wise enterprise, not an indication they’re leaping ship

Solon Resort house owners say itemizing property is wise enterprise, not an indication they’re leaping ship

The refurbished Solon Resort is mirrored in water just lately within the car parking zone at 4 S. Predominant St. in Solon. Michael G. Seamans/Morning Sentinel file

SOLON — An proprietor of the refurbished Solon Resort says a call she and her husband made to place the landmark constructing in the marketplace a month after reopening just isn’t essentially a sign a sale is imminent.

The four-story, 4,000-square-foot resort and restaurant at 4 S. Predominant St. was in-built 1895 on the inspiration of the historic Caratunk Home, which burned down in 1893.

Religion and Bruce Goguen purchased the deteriorating property in September 2021 and spent about two years renovating it.

The Goguens early final month opened the restaurant and bar, which was greeted with anticipation by many on the town. Bands have been offering reside music and karaoke is obtainable. The couple stated rooms will ultimately be obtainable for lodging, together with a fourth-floor household or group suite, and for a full-service restaurant and performance corridor.

Final week, some went to social media to specific shock the property — so quickly after opening day — was listed on the market by Crescent Realty Group for $999,000.

Religion Goguen stated Friday that itemizing the constructing was a enterprise choice, and the couple doesn’t anticipate promoting “anytime quickly.”

The Goguens are entrepreneurs who personal rental properties within the space and Depraved Lettuce, a smoke store and dispensary at 55 Predominant St. in Madison. Given their expertise, Goguen stated she and her husband can anticipate how lengthy it takes to promote property in Maine, particularly industrial house.

Religion Goguen stated renovating the constructing is a “labor of affection,” and itemizing it so quickly is part of a five-year plan. She stated that since she and her husband are of their 50s, and whereas they aren’t actively searching for a purchaser, they don’t need to run the property of their 60s.

“I need to preserve simply doing what we’re doing, and we’re doing unbelievable right here,” she stated. “However we’re additionally business-minded, the place if in case you have a chance, it’s best to arrange that chance someplace down the highway, proper? That’s all it’s.”

House owners Bruce and Religion Goguen stand in October 2021 on the entrance porch of the Solon Resort at 4 S. Predominant St. in Solon. The couple have spent about two years renovating the landmark property. Wealthy Abrahamson/Morning Sentinel file

The itemizing describes the property as “situated in a super location with excessive visitors counts,” and contains that additional data will probably be launched after any celebration indicators a confidentiality settlement. The itemizing contains pictures displaying exterior and inside upgrades.

Religion Goguen stated the resort is gearing up for a promising summer season as individuals flock to the world for leisure alternatives in close by Bingham, The Forks, Moosehead Lake and Carrabassett Valley, house to the Sugarloaf ski resort.

She stated gross sales are “phenomenal” a month into opening.

“It’s been an upsetting couple of days,” Goguen stated of some criticism over the itemizing, given the period of time, cash and power she and her husband have invested in revitalizing the landmark.

“We put our coronary heart and soul into this place, and we’re nonetheless going to for years to come back,” she stated. “That was only a enterprise transfer.”

Use the shape under to reset your password. If you’ve submitted your account electronic mail, we are going to ship an electronic mail with a reset code.

« Earlier

Subsequent »