Sale of historic hotel in Portland, Maine closes

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BOSTON – JLL’s Hotels & Hospitality Group announced that it has closed the sale of The Press Hotel, Autograph Collection, a 110-key historic hotel in Portland, Maine.

JLL marketed the property on behalf of the seller, Fathom Companies. KHP Capital Partners acquired the asset.

Once known as the Gannett Building, home of the historic headquarters of the Portland Press Herald, the building was restored as The Press Hotel, Autograph Collection featuring 110 traditional guest rooms and suites inspired by 1920’s writers offices. The hotel amenities include a fitness center, art gallery and on-site dining at UNION Restaurant featuring locally sourced New England fare and Inkwell coffee bar.

Located in the heart of Portland Maine’s historic Old Port District, the hotel is surrounded by major downtown employers, local boutiques, art galleries, coffee shops, local breweries, live music venues and countless dining options.

JLL’s Hotels & Hospitality Group has completed more transactions than any other hotels and hospitality real estate advisor over the last five years, totaling $83 billion worldwide. The group’s 350-strong global team in over 20 countries also closed more than 7,350 advisory, valuation and asset management assignments. Our hotel valuation, brokerage, asset management and consultancy services have helped more hotel investors, owners and operators achieve high returns on their assets than any other real estate advisor in the world.

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