News and Press

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.

A hotel in Southwest Harbor dating to 1884 and well-known to local residents has sold to a Kennebunkport-based company.

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.

The new owners of Cedar Crest Inn in Camden say its three acres, along with four acres on an adjoining property, provide plenty of opportunity for expansion if they decide that’s what they want to do at a later date.

SOUTHPORT — Thad Paul, purchaser of Ocean Gate Resort at 70 Ocean Gate Road in Southport, sees opportunity in the Boothbay Region’s growing visitor market.