This conversion of an existing 1970s era, Ramada Inn into a Doubletree Hotel complex is located on a major throughway and a high-growth region at the edge of the central business district in Portland, ME.  In 2008 the property was re-branded as a Clarion Hotel.

Address: 1230 Congress St, Portland, ME
Acquisition date: February 97
Completion date: August 97
Area (SF): 7.53 acres
Zoning: B-2 Commercial
Facilities: 149 guestrooms and suites; conference areas; food and beverage facilities; and indoor pool
Construction: 1974, 6-story
Architect: Cooper Carry, & Associates
Interior designer: Scott & Sott

This project is situated at one of the most accessible and highly visible locations in the city of Portland.  The first LEED Core and Shell Certified-rated building in the State, this medical office building was constructed from the ground up and 10 months.

Address: 50 Sewall St, Portland, ME
Acquisition date: February 97
Completion date: May 06
Area (SF): 40,000
Zoning: Residence- Professional District
Facilities: Professional office building
Construction: 2006, 4 story
Architect: PDT
Interior design: NA

OEI III - Professional Office Building, Portland
New construction of 40,000 SF Class A office space

This Class A office building serves as the 20,000 SF Norway Savings Bank flagship office and 10,000 SF  Portland Endoscopy and Gastroenterology Center for Portland Endoscopy Associates.  The structure includes a 3-lane drive-thru facility under the building.

Address: 1230 Congress St, Portland, ME
Acquisition date: NA
Completion date: April 00
Area (SF): 40,000
Zoning: B2 Community Business
Facilities: Professional office building
Construction: 2000, 3-story
Architect: Matthew Baird
Interior design: NA

OEI IV - W.L. Blake Building, Portland
53,000 SF rehabilitation and addition to W.L. Blake building

Olympia equity investors IV, LLC acquired the historic, 5-story W. L. Blake building on the Portland waterfront in the spring of 2000.  It is the single largest store renovation project undertaken in the city for the past two decades.  The building underwent an extensive historic renovation into open architecture, office space for two telecommunication companies and 7,000 SF of boutique, first floor retail space.

Address: 79-85 Commercial St, Portland, ME
Acquisition date: May 00
Completion date: January 01
Area (SF): 53,000
Zoning: Downtown Business
Facilities: Class A office space and retail areas
Construction: 5-story, masonry, & steel frame
Architect: Architype
Interior designer: NA

OEI IVB - Custom House Square, Portland
Construction of a 60,000 SF Class A office space (adjacent to W.L. Blake Building)

This entity was created to facilitate future development of an office building on the lot of land adjacent to the W.L. Blake building.  Prior to development, OEI signed a Purchase and Sales Agreement for the purchase of 85% of the condominium project.

Address: 300 Fore Street, Portland, Maine
Acquisition date: NA
Completion date: September 07
Area (SF): 60,000
Zoning: Downtown Business
Facilities: Class A office and retail areas
Construction: 2007, 6-story
Architect: ProCon, Inc.
Interior designer: NA

OEI V - Hilton Garden Inn, Portland Downtown Waterfront
Hotel development

OEI acquired an obsolete distribution facility at the strategic intersections of Fore, Franklin and Commercial Streets on the Portland waterfront.  This site was successfully converted to a 77,000 SF, 120-room, limited service, Hilton Garden Inn Hotel with breakfast café, lounge, banquet and meeting space.  The Hilton Corporation awarded the Hilton Garden Inn Deal of the Year in 2003 to this development.

Address: 65 Commercial St, Portland, ME
Acquisition date: June 00
Completion date: June 03
Area (SF): 77,000
Zoning: Downtown Business
Facilities: 120 guest rooms and suites; conference areas; food and beverage facilities; indoor pool; and fitness center
Construction: 2003, 6-story
Architect: SMRT
Interior designer: Moncur Design Associates Inc.

OEI VIII - Professional Office Building, Portland
Class A office space and retail

This lot was developed into a 100,000 SF, Class A office building with two parking decks, 70,000 SF of office space, and 2,500 SF of retail space.  100% leased, major tenants include Baker Newman & Noyes, one of the largest public accounting firms based in New England, and Bangor Savings Bank.

Address: 280 Fore St, Portland, Maine
Acquisition date: NA
Completion date: December 04
Area (SF): 70,000
Zoning: Downtown Business
Facilities: Class A office space; retail areas; and structured parking
Construction: 2004, 5-story
Architect: SMRT
Interior designer: NA

This 97-room, limited service Hampton Inn & Suites, which opened on August 30, 2006, features an attached indoor water park with multiple pools and slides, and is the brand's first indoor water park in the country.

Address: 1788 White Mountain Highway, North Conway, NH
Acquisition date: NA
Completion date: September 06
Area (SF): 72,000
Zoning: Highway Commercial District
Facilities: 98 guest rooms and suites; limited service hotel; indoor waterpark
Construction: 2006, 4-story
Architect: LLW
Interior designer: NA

Given OEI's success with the Hilton Garden Inn in Portland, the Olympia team was selected by a Boston-based real estate development firm to provide hotel development and management services for a 120-room Hilton Garden Inn in Portsmouth, NH.  Innovative design and site integration hallmark this construction, which was completed in June 2006.

Address: 100 High St, Portsmouth, NH
Acquisition date: NA
Completion date: June 06
Area (SF): 90,000
Zoning: Central Business B
Facilities: 131 guest rooms and suites; conference areas; food and beverage facilities; indoor pool; and fitness center
Construction: 2006, 5-story
Architect: Destefano Architects; LLW Architects; Minna & Wasko
Interior designer: Moncur Design Associates Inc.

OEI XII / MILLROC Hospitality Partners, LLC - Hampton Inn
Extensive hotel rehabilitation

OEI purchased the existing Hampton Inn located near the Maine Mall in South Portland, Maine.  This 117-room, 62,000 SF entity went through an extensive renovation, including a new indoor pool and fitness center.

Address: 171 Philbrook Ave, South Portland, ME
Acquisition date: July 04
Completion date: NA
Area (SF): 62,000
Zoning: Light Industrial
Facilities: 117 guest rooms; limited service hotel; indoor pool; and fitness center
Construction: 1986, 4-story
Architect: NA
Interior designer: NA

OEI XVI - Testa's on Royal Poinciana Way, Palm Beach, FL
New construction of a mixed-use development

The first floor will consist of mixed retail over structural parking.  Floors 2 thru 4 will house luxury residential condominiums.  An extensive zoning and entitlement process is in process for this high barrier to entry market.

Address: Royal Poinciana Way, Palm Beach FL
Acquisition date: NA
Completion date: NA
Area (SF): Undetermined
Facilities: Residential condominium units with commercial and retail areas

OEI XVIII - Holiday Inn Express, Durham, NH
Acquisition and brand conversion of 35,000 SF independent hotel

The ideal brand match for this underperforming Independent hotel was determined and negotiated prior to its June 2006 acquisition.  This property represents one of the fastest conversions in the Holiday Inn Express brand.  Through detailed planning and aggressive implementation, the hotel was successfully re-flagged just three days after the sale closed.

Address: 2 Main Street, Durham, NH
Acquisition date: June 06
Completion date: NA
Area (SF): 35,000
Zoning: Limited Business District
Facilities: 68 guest rooms and suites; limited service hotel; 3 function rooms
Construction: 2005, 3-story
Architect: NA
Interior designer: NA

This development will include a 92-room Hampton Inn & Suites with a 3,300 SF retail building on 3 acres. This high-traffic site is located in the heart of the Mystic tourist area, with great access and visibility from Interstate 95.

Address: 6 Hendel Dr, Mystic CT
Acquisition date: NA
Completion date: August 08
Area (SF): 55,000
Zoning: General Commercial
Facilities: 92 guest rooms and suites; limited service hotel; attached pool building
Construction: 2008, 3-story
Architect: Dimensions, Inc.
Interior designer: NA

OEI XXII - Hilton Garden Inn, Durham, NC
120-room hotel in Erwin Square

Olympia has this 2.2-acre site at W. Main Street and Erwin Square under contract and is proceeding with entitlements for a 6-story, 120-room hotel.

Address: 2200 W. Main Street, Durham, NC
Acquisition date: 2008
Completion date: NA
Area (SF):
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Facilities: 120-room limited service hotel
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OEI XXIII - Hampton Inn, Nashua, NH
103-room limited service hotel

Olympia has obtained control of this highly desirable site and has received all approvals for a 103-room Hampton Inn.  Expected groundbreaking is early summer 2008, with projected completion in the early summer of 2009.

Address: 407 Amherst Street, Nashua, NH
Acquisition date: 2008
Completion date: NA
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OEI XXV - Boutique Hotel, Hanover, NH
70-room hotel in downtown area

This non-franchised hotel is located on a 0.4-acre site in downtown Hanover.  The facility program is for ±70 rooms with a small in-house restaurant and bar and underground parking.

Address: South Street, Hanover, NH
Acquisition date: 2008
Completion date: NA
Area (SF):
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Facilities: 70 guest rooms 
Construction: 
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