Jim Brady

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

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 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.

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.

Storefront vacancies in the Congress Street corridor reflect the economic costs of the city's homeless problems, but some new businesses are also moving in.

Jim Brady's Fathom Cos. hopes to have a new hotel opened in the historic Fidelity Trust building on Congress Street in Portland by summer of 2027.

The Weldon is at 54 York St., though without any signage or evidence of a hotel lobby. The property has 13 one- and two-bedroom suites.