New Hotel Could Go Up in Bangor Near Cross Insurance Center
A new hotel could be going up in Bangor, just across the street from the new Cross Insurance Center. City officials say they’re on track to sell a 3-acre plot of land on Dutton Street to hotel developer, Ocean Properties. The lot is just behind an Irving gas station on Main Street. City councilors are expected to vote on the plan Monday night, which would sell the land to Ocean Properties for $565,000. The company plans to build a 130-room hotel for $18 million.There are already two hotels in that area, Hollywood Casino and Fireside Inn.Bangor’s Business Development Specialist, Tanya Emery, says, “Bangor continues to be a little bit of an outlier in the hotel industry. We actually need more than what we look like we might need on paper. So for that reason to some it’s a little surprising that we could support another large hotel. But we absolutely know that we can. The numbers are there and this is a great business decision for the city and for Ocean Properties.”If the city council approves the plan, then the company will have get the permits to build the hotel before it can buy the land. Officials hope construction could begin next spring and be complete the following summer. Ocean Properties started in the Bangor/Brewer area. The company now owns more than 100 resort properties in North America.