The company, part of Atlantic Hospitality, lists both liabilities and assets between $10 million and $50 million in a 14-page filing with the U.S. Bankruptcy Court for the District of Maine.
Sandy Pines Campground in Kennebunkport has filed for Chapter 11 voluntary bankruptcy protection, according to a petition filed with the U.S. Bankruptcy Court for the District of Maine.
The filing lists $10 million to $50 million in both assets and liabilities.
As a result of the move, a foreclosure auction of the 46-plus acre property that had been scheduled for this week has been put on hold by Keenan Auction Co., the Portland-based company says on its website.
The campground, located about a mile from Goose Rocks Beach, is owned by Atlantic Hospitality, a hotel management and design company owned by Tim Harrington.
In addition to Sandy Pines, Atlantic Hospitality owns and operates the Wanderer in Kennebunkport, the Lincoln Hotel in Biddeford, the Dunes on the Waterfront in Ogunquit and three properties in Downeast Maine under the Acadia Collection banner.
In a statement emailed to Mainebiz. Atlantic Hospitality said the company remains "deeply committed to the continued success and long-term future of Sandy Pines" and looks forward to welcoming guests in May.
The 14-page filing lists the town of Kennebunkport as the campground’s largest unsecured creditor, with an unsecured claim of $7,492.
Other large creditors include Spectrum Business, with an unsecured claim of $2,733; the Kennebunk-Kennebunkport-Arundel Chamber of Commerce, with an unsecured claim of $2,228; Central Maine Power Co., with an unsecured claim of $1,501; and Albin, Randall & Bennett, a Portland-based accounting firm that is owed $580.
“We are in close contact with the ownership group and are hopeful they will successfully navigate this process and that Sandy Pines will continue to be a premier destination in our community," Laura Dolce, the chamber's executive director, told Mainebiz via email.
Bangor Savings Bank and Maine Revenue Services are also listed among the 20 largest creditors without any dollar amounts.
Sandy Pines, which offers campers tents and RV sites as well as glamp tents, cottages and unique retreats from a glass house under the stars to a reimagined Conestoga Wagon, opened in
2020. As the business seeks to restructure its debt, the campsite is accepting online reservations for the 2026 season, set to run from early May to October. 12.
Sam Anderson, a shareholder with Portland-based law firm Bernstein Shur, is representing Sandy Pines before the U.S. Bankruptcy Court.
Editor's note: Story updated with statement from Atlantic Hospitality.
