GIRI HOTELS ACQUIRES ANCHORAGE BY THE SEA IN OGUNQUIT, MAINEContact
Ogunquit, Maine – Giri Hotels announced today that it has acquired Anchorage by the Sea, a waterfront hotel located in Ogunquit, Maine. This acquisition represents the blending of long-time, trusted area businesses that care greatly about guest experience and the local community. Anchorage by the Sea is the 47th hotel in the company’s portfolio.
Situated right on the ocean and famed Marginal Way, Anchorage by the Sea has 239 rooms and offers an array of modern amenities, including ocean access, heated indoor and outdoor pools, onsite restaurant and bar, hot tub, and more. Nestled right in the heart of downtown, guests can enjoy a variety of activities right from the property, such as shopping, dining, and exploring local attractions like Perkins Cove or Ogunquit Playhouse. It is the perfect location for coastal Maine weddings, corporate events, and bus tours.
Ryan Amin, Giri Hotels Managing Partner said “Our family has operated hotels in the coastal Maine area for over a decade, and we have always admired Anchorage by the Sea. I felt an immediate connection with the Ramsey family and found that we have the same values around guest satisfaction and how we treat our team members.” Touching on the community and plans for the future, he said “We love Ogunquit and the surrounding region. We operate several hotels here that not only provide local jobs, but bring in a huge influx of seasonal people who support the local economy in many ways. We are proud to be instrumental in the continued economic growth of this community, and plan to be here for the long-term. We are continuously investing in improving and beautifying our properties to make the town more beautiful and give people a reason to visit year after year.”
Giri Hotels is based out of Quincy, Massachusetts, with 24 properties in Maine. The group is known for its approach to guest experience and work atmosphere, and are committed to providing excellent benefits like onsite housing and growth opportunities for their newest team members. The company plans to continue investing in the hotel to maintain its high standards, carry on its commitment to the community, and offer the same great hospitality and family feel.
Michael Scavotto, Giri Hotels Director of Operations, said “Anchorage by the Sea is a classic New England hotel that exemplifies what we love about Ogunquit. Waterfront access to Maine’s unique coast, onsite restaurant and bar, and great amenities make it the perfect place to stay. This hotel has been a family-run property since 1978, and now it is coming to the Giri family.”
Earle Wason of Wason Associates Hospitality Brokerage Group negotiated the transaction, saying “The Giri team is very professional in their approach, follow through in a timely manner, and have an experienced and knowledgeable team to handle their due diligence and transfer of operations.”
March 31, 2023