Freeport-based Maine Course Hospitality Group is negotiating the purchase of one of Rockland’s largest motels, the Navigator Motor Inn, in order to renovate the complex, the Bangor Daily News reported Wednesday.
Once the sale is finalized, renovations are expected to begin, closing the motel on U.S. Route 1 for about six months, Peter Anastos, principal of the group, told the newspaper. The group is aiming to reopen by June 1.
The five-story hotel was built in 1971 on Main Street across from the Maine State Ferry Terminal. It’s been owned by Robert and Dorothy Liberty since 2000, according to the newspaper.
The purchase comes in the midst of development efforts aimed at revitalizing the waterfront community. Investors are pouring more than $20 million into a variety of projects to make Rockland a bigger draw for visitors and residents all year round and spark development at the working waterfront.
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