Portland, ME CB Richard Ellis/New England brokered the sale of the full-service Holiday Inn by the B

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Portland, ME CB Richard Ellis/New England brokered the sale of the full-service Holiday Inn by the Bay at 88 Spring St. The 239-room thrifty car rental perth australia hotel was sold for an undisclosed price to Bangor-based Lafayette Hotels, an owner/operator of hotel facilities throughout Maine, New Hampshire and Michigan. The CBRE team of Dave McElroy, first vice president, and Scott Hutchinson, vice president, represented seller Harper Hotels and procured the buyer.
CB Richard Ellis Hotels was retained by Harper Hotels to sell the company's remaining four hotel properties in Maine, Ohio and Vermont. The group facilitated the sale of a Holiday Inn in Columbus, Ohio to Ohio State University. The sale of Portland's Holiday Inn by the Bay represents the second-largest hotel transaction occurring in New England this year.