Portland Hotel Project Delayed 

The developer who plans to convert the former Portland Press Herald building into a hotel has delayed construction by several months to secure financing and collaborate with interior designers. Developer Jim Brady of Yarmouth had partnered with Kevin Bunker at the Developers Collaborative in Portland. The team had planned to start construction this summer after winning approvals from the planning board, historic preservation board and city council earlier this year. Faced with a complicated financing plan, Brady said he bought out Bunker’s interest in the project in March. Brady tells the paper, that under a new timeline, construction would start early next year and a 110-room luxury hotel would open in the spring of 2015. The former newspaper building was sold in 2009 and has been empty since mid-2010.