Portland, ME East Brown Cow and Commonwealth Hotels welcome Stacy O’Reilly as area general manager for Hyatt Place Portland-Old Port and The Docent’s Collection. O’Reilly brings over 20 years of industry experience to her new role, overseeing the day-to-day operations at both of East Brown Cow’s hospitality properties.
As area general manager, O’Reilly will be an integral member of Commonwealth Hotels’ hospitality management team and will maintain a signature level of quality across both offerings. Owned and developed by East Brown Cow, Hyatt Place Portland-Old Port is a modern, waterfront hotel featuring an indoor pool, meeting room, café, restaurant and cocktail lounge. The Docent’s Collection is a boutique hospitality offering that fuses the first-class service of a hotel stay with personalized, mobile-first amenities more typically associated with a luxury residential rental.
“We’re fast approaching the 10-year anniversary of opening the Hyatt Place Portland-Old Port and looking ahead to the continued expansion of The Docent’s Collection in 2024,” said Tim Soley, president and chief executive officer at East Brown Cow. “Stacy’s expertise will help usher these properties into an exciting new chapter as downtown Portland and its historic Old Port continue to grow and attract guests seeking first-class hospitality. Through our continued partnership with Commonwealth, East Brown Cow looks forward to strengthening our commitment to urban excellence in the years ahead.”
Prior to joining the Hyatt Place and The Docent’s Collection, O’Reilly served in various hospitality leadership roles, including director of sales and marketing for the Harraseeket Inn in Freeport, general manager for the Embassy Suites Akron Canton, and general manager for the Hilton Garden Inn Auburn. In addition, she served in various support roles at the Embassy Suites in Portland.
“I am thrilled to be back on the Commonwealth team and working with two of Portland’s premier hospitality offerings,” said O’Reilly. “Hyatt Place Portland-Old Port and The Docent’s Collection are both known for their exceptional service, prime location, and curated interiors. Through the collective work of our hospitality team, we will continue to raise the bar and provide unparalleled accommodations for every guest.”
The multifamily market in Maine’s major cities presents a diverse range of opportunities for investors. We looked at the potential benefits and unique characteristics of three major submarkets in the state: Portland, Bangor, and Lewiston-Auburn. The information below is based on research done in CoStar and county registries, and focuses on multifamily properties that have four or more units.
As we all know, interest rates have been changing drastically, with movement in both directions, depending on the type and term of financing. The Federal Open Market Committee has taken drastic action in efforts to curb abnormally high inflation, but it hasn’t controlled labor cost growth to the extent that was intended.