A Tampa company has sold its Hampton Inns in Freeport and Waterville to a York Harbor company for $16.9 million.
GL Rogers & Co. Inc., a commercial developer of northern New England properties, bought the two hotels, which total 158 rooms, from The Vickery Co. LLC through Pendleton Point LLC, which it manages and partly owns, according to news releases from the buyer’s and the seller’s representative. Maine Course Hospitality Group, a Freeport-based company that runs 18 hotels across New England, will manage the Freeport and Waterville locations. The deal was completed Wednesday.
This will be Rogers’ first venture into the hotel business, said President Kim Rogers.
“Bringing a strong real estate background and corporate culture into the deal and combining it with Maine Course, one of the premier hotel companies in New England, makes this deal a winner,” Rogers said.
The Freeport hotel was completed in 1999 and includes 77 guest rooms and a function room. The Waterville hotel was completed in 2001 and includes 81 rooms and a function room.
Both hotels will undergo major renovations that will begin this year, said Maine Course CEO Sean Riley.
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