
Lafayette Hotels continues expansion with Ogunquit resort deal
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.”
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Snowboard enthusiast scoops up West Bethel campground
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.
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Massachusetts hotelier Giri adds two Ogunquit properties to Maine portfolio
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.
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East Boothbay inn sells to second-time Maine buyer in off-market deal
An oceanfront inn in East Boothbay has sold to a buyer who purchased his first property in Maine before the pandemic.
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For snowmobilers and business travelers, Jackman motel is a mainstay
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.
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Bethel Inn Resort purchased by Massachusetts hotel group
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.
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NH restaurant group brings its taste for all-day brunch to Maine
A pair of Portsmouth, N.H., restaurateurs plan to open the first Maine location for their all-day-brunch eatery.
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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.
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Historic hotel in Southwest Harbor sold to Kennebunkport hotelier
A hotel in Southwest Harbor dating to 1884 and well-known to local residents has sold to a Kennebunkport-based company.
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Pandemic drives surge of hotel transactions
The completion of four lodging transactions just before and during the advent of the pandemic was only the start of an unexpected surge of activity that has continued through the health crisis.
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