News and Press

First Serve Hospitality Group, a Kittery firm that's acquired and renovated a number of southern Maine properties in recent years, completed a makeover of a Kennebunkport inn that dates back to the 1880s. The Breakwater, a 35-room boutique hotel, reopened July 1. “When First Serve acquired Breakwater Inn, the property had good bones and a strong reputation to be in such a great location amongst the community, but was in need of significant aesthetic and structural updates,” Mary Pugliese, First Serve’s director of operations, told Mainebiz. First Serve acquired the inn, at 127 Ocean Ave., from Lafayette Hotel Groups in January for an undisclosed price. Roger Daigle of Daigle Commercial Group brokered the off-market deal.

The buyer of a Boothbay Harbor hotel portfolio has added it to his growing hospitality collection in the midcoast and southern Maine coastal region. A limited liability corporation, 7 Padmavati Hospitality LLC, bought the Topside Inn and the neighboring Mid-Town Motel from Topside Properties Inc. and Boothbay Vacation Properties for an undisclosed price. The portfolio listed at $12.9 million. Roger Daigle and Benjamin Kramer of Daigle Commercial Group represented the seller in the sale. "From the moment I arrived at the Topside, I felt quite at peace,” said the buyer, Paul Patel. “It wasn’t just a business decision. It felt very personal.”

The buyers of a former bar and grill, in the off-peninsula Portland neighborhood of Morrill’s Corner, are honoring their family’s culinary traditions with the opening of their own restaurant. Matthew and Amanda Lebel bought the building that formerly housed Samuel's Bar & Grill and an adjacent commercial building, at 1160 and 1170 Forest Ave., from Samuel Minervino for $1.3 million. Stanley J. Rintz of Daigle Commercial Group represented the seller and Joe Atwood of the Dunham Group represented the buyer.

Lafayette Hotels, a family-owned and -operated group of more than 30 hotels across Maine and New Hampshire,  acquired the Sparhawk Oceanfront Resort, its fourth property in Ogunquit. The purchase price was not disclosed. The list price was $31 million. Moores Sparhawk Corp. sold the property, at 85 Shore Road, with Roger Daigle and Benjamin Kramer of Daigle Commercial Group representing the seller. “We were able to generate seven very strong offers within 10 days of announcing its availability,” Daigle told Mainebiz.”That’s remarkable.”

An enthusiast of snowboarding has discovered that the Bethel area is great not only for the sport but also for real estate investment. Josh Gangi bought the Pleasant River Campground, at 800 West Bethel Road in West Bethel, from Pleasant River Campground Inc. for an undisclosed price. The property was listed for $1.75 million. Roger Daigle and Stanley Rintz of Daigle Commercial Group brokered the transaction.

After acquiring the 249-room Anchorage by the Sea in Ogunquit a year ago, a large hotel management firm headquartered in Quincy, Mass., has bought two additional hotels in the coastal York County town.

An oceanfront inn in East Boothbay has sold to a buyer who purchased his first property in Maine before the pandemic.

Along Maine’s northern border in the Somerset County town of Jackman, Bishop's Country Inn Motel is a mainstay for visitors and business travelers.

Crowned as “America’s best ski town” by USA Today in 2019 and increasingly known as a summer destination for its growing trail system, Bethel’s year-round market was a top attraction for a Quincy, Mass., hotel group that acquired Bethel Inn Resort this week.

A pair of Portsmouth, N.H., restaurateurs plan to open the first Maine location for their all-day-brunch eatery.