DoveHill, a vertically integrated real estate investment firm, acquires the White Barn Inn in Kennebunk, Maine. Other terms and conditions were not disclosed. Auberge Resorts Collection will continue to manage White Barn Inn.
White Barn Inn, part of Auberge Resorts Collection, has a collection of guest cottages, a luxury spa and a tranquil pool. DoveHill plans to build upon White Barn Inn's heritage with targeted enhancements that improve the luxury experience while preserving the authenticity and intimate character that have made the hotel so beloved.
"White Barn Inn represents a turning point in our hospitality strategy," Jake Wurzak, founder and CEO of DoveHill, said in a statement. "We are focusing on highly unique, independent hotels and inns in incredibly high-barrier-to-entry markets. This property embodies everything we look for: iconic status, one-of-a-kind character, and a legacy of excellence that we are excited to steward into the future."
Jake Wurzak, founder and CEO of DoveHill, added: "DoveHill's investment in White Barn Inn represents a strategic opportunity to combine our operational and investment expertise with one of the most distinctive brands in hospitality. Our shared goal is to safeguard the quintessential Maine experience, make targeted enhancements throughout the property, and protect the cultural foundation that has made White Barn Inn a landmark in Kennebunk."
"This acquisition perfectly exemplifies the kind of strategic investment we are pursuing in today's hospitality landscape," said Charles Paloux, chief investment officer of DoveHill. "Through our newly launched DoveHill Opportunity Fund 2, we are highly focused on preferred equity and direct investments in distinctive, irreplaceable hotel assets. White Barn Inn stands as an iconic property that aligns seamlessly with our vision for the next generation of experiential and value-driven hospitality investments."