Historic Herbert Hotel in Kingfield Sells to Sugarloaf for Employee Housing

Sugarloaf ski resort has purchased the Herbert Grand Hotel in Kingfield to help expand housing options for employees, who have been squeezed by a costly, short-supplied market of homes near the Carrabassett Valley mountain. (Courtesy Jessica Hall/MaineBiz)

John Doyon, Jennifer Small, Joe Malone of Malone Commercial Brokers brokered the transaction. Read the full report from MaineBiz HERE.