Hotel to Housing: Lessons from the Ramada Sale
(Kittery, Maine) – Farrell & Doak Hospitality Advisors recently closed the sale of the 108-key former Ramada in Kittery, Maine. While the buyer’s vision for the property is specific to the site, it reflects a larger trend we’re seeing across New England: hotels being repositioned as housing — whether for workforce, market-rate, or mixed-use.