Author Topic: Investor(s) Wanted - Wiscasset Woods Lodge  (Read 1475 times)

John Kokas

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Investor(s) Wanted - Wiscasset Woods Lodge
« on: September 27, 2020, 02:54:03 PM »
Have received word that the Wiscasset Woods Lodge is now up for sale.  Saundra and Eric have decided to retire and move back West.  They are looking for a local person / group who would be willing to learn the business and take over for them.  As the Lodge is a WW&F favorite, maybe some members might want to consider pooling their resources for this business opportunity.
« Last Edit: September 27, 2020, 06:59:07 PM by John Kokas »
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Richard Cavalloro

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Re: Investor(s) Wanted - Wiscasset Woods Lodge
« Reply #1 on: September 29, 2020, 07:22:19 AM »
My wife and I were just talking about this last night.......    It was our go to place when visiting the museum.
 Rick

Paul Crabb

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Re: Investor(s) Wanted - Wiscasset Woods Lodge
« Reply #2 on: September 29, 2020, 12:57:33 PM »
Wouldn't some type of formal/legal organization have to be formed first? Then raise funds (sell stock) and probably have to get a mortgage to finance the purchase. I think someone knowledgeable in real estate matters should be consulted for advice/guidance before proceeding.

Mike the Choochoo Nix

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Re: Investor(s) Wanted - Wiscasset Woods Lodge
« Reply #3 on: September 29, 2020, 05:34:55 PM »
I would first find an investor who would act as manager and run the place.
Mike Nix

John Kokas

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Re: Investor(s) Wanted - Wiscasset Woods Lodge
« Reply #4 on: September 29, 2020, 08:23:20 PM »
Just to be clear, I am not advocating the WWF membership take over.  That assumption is incorrect and reads too much into my original post.  I am just conveying Saundra's and Eric's desire for a "local" person(s) take over in order to preserve the "camp/lodge" atmosphere of the place.  The last thing they want is another chain hotel.  Now it is my understanding that one or more WWF members have or are still employed by the Lodge but I don't know if they would even have the interest to run the place.  Also financial backing becomes a major sticking point.  If a local takeover happens, it will require either a person with substantial liquid assets for purchase and transition, or a group of investors who shall designate a senior manager for the Lodge.

In any event, Saundra and Eric should be commended on their attempt to keep the Lodge local and in tune with the Mid-Coast culture.  I for one shall continue to support them.
Moxie Bootlegger