On July 31, 2009 Ed and Jen Dorta Duque completed a journey they began five years ago when they leased with an option to purchase the Three Mountain Inn in Jamaica, Vermont. The process was a true win-win situation. For the owners it was a relief from operations to pursue other interests and an important tax advantage.
For Ed and Jen it was an opportunity to run and eventually buy a larger Inn than an outright purchase would have allowed. An option payment gave them an exclusive right for five years to purchase the Inn.
As the five year date loomed, the economy was not cooperating. However, with compromise from both sides, a local bank and an SBA 504 loan, the deal was struck.
Three Mountain Inn is a 15 room village Inn. In addition to the rooms the Inn provides fine dining to guests and the general public. The Inn is a member of the prestigious Select Registry; Distinguished Inn of North America. AAA has bestowed a rare 4 diamond rating to the restaurant; one of only seven in Vermont.
Check out this fine Inn (and make a reservation) at www.threemountaininn.com. To learn more about lease options and/or Small Business Administration loan opportunities, contact Bill Oates at bill@innpartners.com or by phone at 802.257.2360 (toll free at 877.957.2360).
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