Northeast Hospitality Brokers (NEHB), a brokerage firm specializing in hotel real estate transactions, is pleased to announce the successful sale of the Pamola Motor Lodge, located in the heart of Millinocket, Maine. The hotel, known for its large on-site bar and restaurant, was acquired by Shreeji, LLC, on July 17, 2024.
The Pamola Motor Lodge, a 24-room property, has been a staple in the Millinocket community since 1958. The hotel offers guests easy access to town and outdoor activities, like those found in Baxter State Park. The sale marks a significant transaction in the region’s hospitality market, reflecting continued interest in Maine’s thriving tourism industry.
“We are thrilled to have facilitated the sale of the Pamola Motor Lodge,” said Dustin Bulley, Partner at Northeast Hospitality Brokers. “This transaction underscores the attractiveness of Millinocket as a tourist destination and the strong demand for quality hotel assets in northern Maine.”
The new owner plans to maintain the hotel’s current operations while enhancing guest experiences. Their future plans also include a renovation.
The sale was brokered by Dustin Bulley at Northeast Hospitality Brokers, who represented both the seller and the buyer to ensure a smooth and successful transaction.
For more information about this transaction or other opportunities in hotel real estate, please contact Dustin Bulley, Partner at Northeast Hospitality Brokers at 603-722-0174 or [email protected].
Northeast Hospitality Brokers (NEHB) is a premiere real estate brokerage specializing in the sale and acquisition of hotel properties across Maine and beyond. NEHB is comprised entirely of former hotel owners whose knowledge of the hospitality market brings unparalleled expertise and firsthand experience to every transaction. With a deep understanding of the hospitality market and a commitment to client success, NEHB provides tailored solutions to meet the unique needs of hotel owners and investors.
