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Boston & New England  + New England  + Hospitality  | 
Harrison Street, Radnor Property Group and the University of Maine have partnered to rehabilitate and expand two historic buildings on the Orono campus into a hotel.

UMaine Forms First P3 to Turn 1888-Constructed Halls into On-Campus Boutique Hotel

Harrison Street has formed a joint venture with Radnor Property Group to rehabilitate and expand two historic buildings centrally located on the University of Maine’s flagship Orono campus. The JV, which is structured as a public-private partnership agreement, is the first P3 for the UMaine System and is fully contracted through a coterminous 99-year ground lease.

The 1888-constructed Coburn Hall and Holmes Hall have been non-operational for the past 15 years. They will be converted into a boutique with 95 hotel rooms and suites and a bistro café at the center of campus. The project will offer workforce development and internship programs in collaboration with regional tourism and hospitality programs to help prepare and develop young professionals in the industry.

The buildings are Certified Historic Structures, and the redevelopment plan will meet the National Park Service standards for rehabilitation. The property will be operated by Portland, ME-based Olympia Hotel Management.

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About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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