A New Hampshire resort developer has purchased a majority stake in two high-end Portland lodges.
XSS Accommodations, primarily based in Hooksett, stated Wednesday that it acquired a controlling curiosity within the Portland Harbor Lodge, on Fore Avenue within the Outdated Port, and The Inn at Diamond Cove, on Nice Diamond Island in Casco Bay.
The deal additionally contains eating places at each lodges and a marina on the island. Bateman Companions, the lodges’ authentic Portland developer, will maintain a minority stake within the properties.
The affiliated administration firm for XSS, Colwin Accommodations, will take over operations on the two properties, the corporate stated in a information launch.
Many of the lodges owned by XSS are in New Hampshire and Massachusetts. This buy marks its first transfer into the Maine lodging market.