Atlantic Hospitality

The purchase and sale agreement with a strategic buyer was submitted to the U.S. Bankruptcy Court for the District of Maine in a June 1 filing, along with a backup sale to a commercial real estate firm for $12.6 million.

Initial sealed bids on the 46-plus acre property are due by Wednesday, May 27, with the top five to be selected the following day amid the ongoing bankruptcy case.

Approximately $14 million in liens were filed against the seller by contractors who worked on an extensive renovation.

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.

The auction is expected to take place on-site at the camping resort on Thursday, March 5, at 1 p.m., at 277 Mills Road, U.S. Route 9 in Kennebunkport. 

A long vacant Smitty’s movie theater at the former Five Points shopping plaza on Alfred Road in Biddeford has been repurposed as an indoor sports center with pickleball courts, golf simulator bays and a sports bar.

A former Planet Fitness location in the Five Points plaza in Biddeford is now Orange Circuit Fitness, which is one of the revamped shopping center's newest tenants.

The collaboration will create internship placements, applied classroom projects and industry-informed learning experiences for students of all majors interested in learning more about the hospitality sector and gaining work experience.

The former movie theater included six separate screening rooms that are perfect fits for pickleball courts; two smaller screen rooms will house sports simulator bays.

The project preserved the original structure and added 15 cottages and 17 spa suites with terraces. Features include custom wallpaper, furniture and fixtures.