Two Monument Square | Suite 804 Portland, ME 04101 | 207-773-4222
Daigle Commercial Group
Maine Hospitality Real Estate Brokerage
Seller becomes buyer in hospitality market, leveraging 1031 exchange
Leveraging an exchange under section 1031 of the IRS tax code, the seller of Beach Motel & Suites at 5 Summit St. in Old Orchard Beach followed up with the purchase of Water’s Edge restaurant at 306 Eddy’s Road in Edgecomb.