Landmark hotel in Portland to get new owner

The Associated Press
Posted Feb. 24, 2011, at 3:08 p.m.

PORTLAND, Maine — A landmark hotel downtown is getting a new owner.

RB Portland LLC of Delaware has agreed to buy the 202-room Eastland Park Hotel for an undisclosed price from Portland Hotel Associates, which put the property on the market last fall. The 85-year-old hotel, in the city’s arts district, is well-known for its rooftop lounge overlooking Portland’s downtown.

According to the Portland Press Herald, attorney James Katsiaficas said RB Portland is a new company formed by RockBridge Capital LLC, a hotel investment firm in Columbus, Ohio. The Portland City Council on Wednesday granted the company its liquor and entertainment licenses.

http://bangordailynews.com/2011/02/24/business/landmark-hotel-in-portland-to-get-new-owner/ printed on August 22, 2014