The Wardman Group Acquires Maine’s Ocean Gate Resort from GEM Hospitality Group
December 4, 2017 11:51am
SOUTHPORT, Maine – Dec. 4, 2017 – The Wardman Group, a Washington, D.C. based real estate investment firm, has acquired Ocean Gate Resort and has engaged Scout Hotel & Resort Management as its operator. Ocean Gate Resort is a 65-room waterfront resort just two-and-a-half miles from the popular town of Boothbay Harbor, Maine. A New England favorite for family vacations and special events, the resort opened in the mid-1950s and had been owned and operated by GEM Hospitality Group since 2006.
“Ocean Gate Resort has been a true labor of love for our family, and we couldn’t be more pleased with The Wardman Group’s interest in it,” said Frank Gaynor, Owner of GEM Hospitality Group. “We have complete confidence that Wardman and Scout are the right team to shepherd the resort into its next phase.”
Added Thad Paul, founder and CEO of The Wardman Group, “Ocean Gate Resort has many great qualities for families, couples and groups seeking a Maine getaway, and it perfectly balances a secluded setting with proximity to Boothbay Harbor. We appreciate the Gaynor family’s excellent stewardship of the resort over the past 11 years, and look forward to bringing it to its full potential.”
The hotel features a range of guestroom options, including standard guestrooms, one- and two-bedroom suites, and two stand-alone cottages, with almost all guestrooms featuring waterfront locations. In the off-season, Wardman plans to selectively upgrade the guestrooms; will modernize its dining room, including the creation of a separate private dining room that can serve small group meetings; and will also convert the under-utilized fitness center into a second meeting room. The 33-acre resort is open seasonally from May through October and offers guests a wide array of recreational facilities including a heated pool and hot tub, floating dock with kayaks and canoes, a nine-hole miniature golf course, and a tennis and basketball court.
Ocean Gate Resort is located on Southport Island, which is accessible from Boothbay Harbor by a swing bridge, and is just minutes from Southport’s Robinson’s Wharf and Oliver’s Restaurant, as well as Boothbay Harbor’s Botanical Gardens, restaurants, galleries, and waterfront activities. For more information, visit: http://www.oceangateinn.com/.
Tags: the wardman group,
ocean gate resort,
scout hotel & resort management,
gem hospitality group
The Wardman Group is a design-driven real estate investment and development firm founded in 2016. Wardman focuses primarily on value-add opportunities in the hospitality sector, including urban, suburban, and resort locations on the East Coast. Additionally, Wardman targets “small cap” commercial real estate properties in the Baltimore-to-Richmond corridor. In addition to Ocean Gate Resort, its hotel portfolio includes the Fisher Inn and the Hadley House resorts in the Florida Keys, both of which are currently under redevelopment. For more information, visit www.wardmangroup.com.
Contact: Mary Gendron
Scout Hotel & Resort Management is a full-service, independent hotel management company with a track record of success in operating in seasonal resort markets and turning around underperforming properties. Offering a full range of management services for hotels and resorts located in the Eastern United States and Caribbean, Scout provides expertise in acquisition, finance, development, construction, operation, marketing, and sales. Its growing portfolio includes Harbor View Hotel and Kelley House Hotel on Martha’s Vineyard, Harborview Nantucket on Nantucket, Chatham Tides on Cape Cod, Clifton Inn in Charlottesville, and Ocean Gate Resort in Southport, Maine. Scout Hotel & Resort Management’s corporate office is located at 217 Clinton Avenue, Falmouth, MA 02540. For more information, visit www.scouthotels.com.
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