Fathom Cos.

Zachau Construction is transforming the former Fidelity Trust building into a 101-room luxury hotel, for Jim Brady’s Fathom Cos.

A roundup of new hires, promotions and achievements at businesses, nonprofits, health care institutions and professional services firms in Maine.

EOS Investors purchased the 110-room luxury hotel from San-Francisco-based private equity company KHP Capital Partners, for an undisclosed price.

Jim Brady's Fathom Cos. is transforming a historic bank building constructed in 1910 into a 101-room hotel expected to open in 2027. Mainebiz got the behind-the-scenes tour of the work in progress.

Newcomers to Congress Street include a collectibles and trading card store, two coffee shops and a vendor of magazine titles from around the globe.

The 15-room, five-story Evalina Hotel, housed in a circa 1854 building, will be managed and operated by Fathom Cos.

The fee that hotel developers are assessed in lieu of building affordable housing will double, from $4,831 to $9,520 per guest room.

A trio of hotel developers debunked the myth that Maine's largest city has too many hotels and touted economic benefits from visitor spending to employment.

Panelists for the Nov. 18 event will include Portland Planning Director Kevin Kraft, Marieke Thormann of Fathom Cos. and Will Savage, principal at Acorn Engineering. 

The Greater Portland Council of Governments is making $3.9 million in funds available to transform five properties in Portland and Westbrook — including housing developments, a hotel and a child care center.