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Asticou Hotel Renovation and Sale

Sector: Hotel • Location: Mount Desert, Maine, United States

Source: 92 Moose

Project
Sold

The Asticou Hotel in Mount Desert, Maine, underwent a $28 million renovation but faced contractor payment disputes leading to liens and a bankruptcy filing. The hotel, originally purchased for $7 million in 2023, was sold for $60.75 million to NAECO LLC, a subsidiary of Ocean Properties.

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The project “Asticou Hotel Renovation and Sale” is an infrastructure initiative in the Hotel sector, located in Mount Desert, Maine, United States. Taiyo aggregates data on it from 92 Moose.

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Participants

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Status

Original status

sold

Taiyo status

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Contact

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Email

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Description

Description

The Asticou Hotel in Mount Desert, Maine, underwent a $28 million renovation but faced contractor payment disputes leading to liens and a bankruptcy filing. The hotel, originally purchased for $7 million in 2023, was sold for $60.75 million to NAECO LLC, a subsidiary of Ocean Properties.

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Original Currency

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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