Ocean Properties, Tom Walsh’s Portsmouth-based development company, yesterday submitted a proposal to the Bar Harbor Planning Department for a 120-room hotel along the waterfront there.
The $12 million West Street Hotel will occupy some of the land Walsh purchased along Bar Harbor’s commercial waterfront this summer, according to the site plan application. In June, Ocean Properties and LLCs tied to the company purchased $2.2 million in small lots on Rodick and West streets in downtown Bar Harbor. The purchases included six private homes in the area.
The West Street Hotel, which awaits planning board approval, would include a 125-seat “café style” restaurant and retail and commercial space. The hotel will operate from early spring through late fall and during peak season will employ 80 people. Ocean Properties indicated the project’s costs are “well within applicant’s financial resources, including cash-in-hand and lines of credit,” according to the site plan application.
