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The Wardman Group Acquires Maine’s Ocean Gate Resort from GEM Hospitality Group

SOUTHPORT, Maine – Dec. 4, 2017 – The Wardman Group, a Washington, D.C. based real estate investment firm, has acquired Ocean Gate Resort and has engaged Scout Hotel & Resort Management as its operator.  Ocean Gate Resort is a 65-room waterfront resort just two-and-a-half miles from the popular town of Boothbay Harbor, Maine. A New England favorite for family vacations and special events, the resort opened in the mid-1950s and had been owned and operated by GEM Hospitality Group since 2006.

“Ocean Gate Resort has been a true labor of love for our family, and we couldn’t be more pleased with The Wardman Group’s interest in it,” said Frank Gaynor, Owner of GEM Hospitality Group. “We have complete confidence that Wardman and Scout are the right team to shepherd the resort into its next phase.”

Added Thad Paul, founder and CEO of The Wardman Group, “Ocean Gate Resort has many great qualities for families, couples and groups seeking a Maine getaway, and it perfectly balances a secluded setting with proximity to Boothbay Harbor. We appreciate the Gaynor family’s excellent stewardship of the resort over the past 11 years, and look forward to bringing it to its full potential.”

The hotel features a range of guestroom options, including standard guestrooms, one- and two-bedroom suites, and two stand-alone cottages, with almost all guestrooms featuring waterfront locations.  In the off-season, Wardman plans to selectively upgrade the guestrooms; will modernize its dining room, including the creation of a separate private dining room that can serve small group meetings; and will also convert the under-utilized fitness center into a second meeting room. The 33-acre resort is open seasonally from May through October and offers guests a wide array of recreational facilities including a heated pool and hot tub, floating dock with kayaks and canoes, a nine-hole miniature golf course, and a tennis and basketball court.

Ocean Gate Resort is located on Southport Island, which is accessible from Boothbay Harbor by a swing bridge, and is just minutes from Southport’s Robinson’s Wharf and Oliver’s Restaurant, as well as Boothbay Harbor’s Botanical Gardens, restaurants, galleries, and waterfront activities.  For more information, visit: http://www.oceangateinn.com/.

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Florida Keys motel featured in Netflix’s Bloodline sells for $7M

Harbor Lights, a Florida Keys motel featured in the Netflix show Bloodline, sold recently for $6.8 million.

It was among the two Islamorada hotels acquired by Songy Highroads LLC and the Wardman Group, joining the Days Inn Islamorada Resort, a 37-unit property located about two miles away that sold for $7.05 million. Harbor Lights sits on five acres and was built in two stages, dating back to 1953.

Harbor Lights Resort in Islamorada sells for $7M

Harbor Lights Resort, a 37-unit oceanfront hotel in Islamorada, just sold for $7 million, The Real Deal has learned.

TWG Overseas, LLC, purchased the property at 84951 Overseas Highway on Windley Key from Holiday Isle Resort & Marina Associates. The buyer is a joint venture linked to Atlanta-based Songy Highroads, led by David Songy and Todd Nocerini; and the Washington, D.C.-based Wardman Group, led by Thad Paul, according to documents.

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Wardman Group Acquires Summers Landing Polo Road

The Wardman Group, based in Washington, D.C., announced today that its affiliate has acquired Summers Landing Polo Road, a 92-unit senior housing property in Columbia, SC. Wardman hired senior housing management company Integral Senior Living (ISL) to manage the property.

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