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.”