Posted 7/9/2012 - 9:29:29 AM
The Eastland Park Hotel will be reflagged as a Westin next year.
PORTLAND, ME—The landmark Eastland Park Hotel, here, will reflag as The Westin Portland Harborview in 2013 after undergoing a $40-million renovation.
New Castle Hotels and Resorts and RockBridge acquired the hotel in 2011 with plans to restore Portland’s “grand dame hotel,” which dates back to 1927.
A significant portion of the renovation will be underwritten with historic tax credits sponsored by U.S. Bancorp Community Development Corp. The Boston office of U.S. Bank Commercial Real Estate provided first mortgage financing.