April 1, 2016
Family-owned Rockport motel The Ledges by the Bay sold
A Rockport-based motel,The Ledges by the Bay, owned by the Beale family since 1963, has been sold to a New Jersey investor.
Robert and Edith Beale purchased The Ledges in 1963, which they both operated until Robert’s passing in 2005 and Edith’s in 2009 — at which time their sons Mark and Howard took ownership, according to the Bangor Daily News.
The 41-unit motel on Route 1 was acquired on March 29 by Central Hospitality Inc., with Amit Patel of Somerset, N.J., listed as a contact.
The terms of the purchase were not disclosed, but Rockport has the property assessed at almost $2.9 million.
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