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Local Investor Group Acquiring the Historic
Black Point Inn in Prouts Neck, Maine

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Prouts Neck, Scarborough, ME – April 13, 2005 - The Black Point Inn, listed on the National Registry of Historic Hotels of America and one of Maine’s grandest seaside resorts, is being acquired by BPI Partners, LLC, an investor group with deep roots in the local community. Newly formed under the leadership of Ogden Hunnewell and Bob Gould, both long-time owners of residential properties neighboring the inn on Prouts Neck, BPI Partners, LLC assumed control of the Black Point Inn on Monday, April 4, 2005 through a lease/purchase agreement. The final property closing is scheduled for January 2006.

“The Black Point Inn is a legendary property, and one that holds a special place in the hearts of its guests and among members of the local community,” said Hunnewell. “Upholding the inn’s proud tradition of exemplary guest service in an unparalleled setting will be both an honor and privilege.”

BPI Partners, LLC has tapped Pinnacle Advisory Group, one of the nation’s leading full-service hospitality consulting firms, to oversee the property, which will be operated under the auspices of BPI Management, LLC. With the majority of staff including key operations personnel continuing at the inn, the transition of ownership will be seamless to guests, according to Matthew Arrants, Director of Asset Management Services for Pinnacle.

A national search for a new general manager is nearing completion, with the successful candidate to be appointed before the inn reopens for the season on April 26, 2005. The field has been narrowed to a handful of industry veterans selected from among the nation’s premier hotels, said Arrants.

Recently appointed as Executive Chef, Anthony Scherrer returns to the Black Point Inn where he previously served as Garde Manger and Sous Chef following his most recent work as Pastry Chef at the acclaimed Standard Baking Company. He joins the inn’s seasoned management team, which includes Philip Slocum, Director of Food and Beverage; Colleen Kenney, Director of Sales; Laurel Johnson, Wedding Coordinator; and Dawn LaPointe, Conference Services Coordinator.

Built in 1878 by the Kahler family at the tip of Prouts Neck, a source of inspiration for noted American artist Winslow Homer, the Black Point Inn enjoys one of the most spectacular settings along Maine’s ruggedly beautiful coastline. Nestled on nine lushly landscaped acres, the 84-guestroom property is surrounded on three sides by ocean and commands magnificent water views. The inn has been a beloved destination for generations and is a sought after venue for weddings and business functions.

In addition to fine dining, guests may take advantage of the outdoor pool overlooking the ocean, heated indoor pool with nearby jacuzzi and sauna, fitness room and access to miles of enchanting beaches. The inn’s picturesque setting attracts outdoor enthusiasts who enjoy biking, kayaking in Saco Bay, fishing, hiking and running. Children’s programs and in-room massage are available in season.

Recipient of the 2005 Award of Excellence by Zagat Surveys, the inn has been extensively renovated to ensure comfort while preserving its historic charm, with original wall coverings, paintings, prints and décor lovingly restored.  Many of the antiques featured are original to the inn.

Maine Historic Hotels, led by local businessman Eric Cianchette, has owned and operated the Black Point Inn since 1998. Joe Malone of Malone Commercial Brokers represented Maine Historic Hotels in the transaction.

Room rates are based on double occupancy and begin at $229/night in Winter, $325/night in Spring and $480/night in Summer. Guest tariffs include breakfast, afternoon tea and a five-course dinner in the inn’s formal dining room.

The Black Point Inn is located at 510 Black Point Road in Prouts Neck, Maine. For information and reservations, call toll-free (800) 258-0003 or (207) 883-2500. Or visit online at www.blackpointinn.com.


 
Contact:

Lori Moretti
CM Communications
617-536-3400
eschermerhorn@cmcommunications.com

Also See: The Procaccianti Group Part of Venture Proposing a $100 million Westin Hotel and Condominium in Portland, Maine / April 2005
Greg Dugal Named Executive Director of the Maine Innkeepers Association / August 2003


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