The Sebasco Harbor Resort, an upscale Midcoast retreat, has been sold to a Massachusetts hotel management company.
Bob Smith, who owned and operated the hotel for 25 years, announced the sale of the Phippsburg property on Monday.
“We believe we have found the right buyer who is equally passionate about upholding Sebasco’s 92-year tradition of hospitality, and I will be available to assist with the transition process to the new ownership of Sebasco Harbor Resort,” said Smith in a statement. This sale marks the third time the property has changed hands since the 1930s.
Giri Hotel Management, based in Quincy, Mass., entered into a deal for the 450-acre resort on April 29 for an undisclosed amount. The company manages 46 properties in New England and about half of its portfolio is in Maine, including hotels in Ogunquit, York, Freeport and Bar Harbor.
“With an incredible heritage that dates back nearly 100 years, our management team could not be more excited or honored to expand Giri Hotel Management’s footprint in Maine with Sebasco Harbor Resort. We look forward to working with the team that made the station successful and joining this wonderful community,” Giri Regional Operations Manager Nazba Jenulevich said in a statement.
The complex includes 47 hotel rooms, 23 suites and 22 lodges. The property features a golf course, tennis courts, restaurants, and a waterfront spa. Sebasco began as an inn built between 1909 and 1912. Over the next century it grew to accommodate well-to-do guests who spent all summer there, then it was modernized to cater to guests looking for staycations. shorter.
Smith bought the property from Dorothy and Woodbury Dana in 1997 and renamed it Sebasco Harbor Resort. Smith invested $14 million in the property during his ownership. When Smith purchased the property, he promised the previous owners that he would provide stable leadership, he said. The station has about 20 employees year-round, but its workforce increases to 145 during the summer.
“I have known the owners and team of Giri Hotels for some time, and this wonderful property aligns with a new growth strategy they have put in place,” said Smith.
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