Sea Pine, Inc., previously doing business as Spruce Point Inn, announces its Chapter 11 bankruptcy filing of April 19, 2010 was successfully concluded by an order entered on Dec. 28, by the United States Bankruptcy Court/District of Maine.
Sea Pine, Inc., has paid all its creditors and has sold its assets to Spruce Point Capital, LLC, which will own and operate the Inn. Extensive upgrades to the rooms, function facilities, and grounds are planned for the 2011 season. Joe Paolillo and Angelo DiGuilian, innkeepers, will continue management of the inn.
Spruce Point Inn, for more than 100 years, is a historic vacation destination for travelers from all over the United States and the world. Its relaxing facilities have long been a part of the summer community and a backdrop to delightful memories.
Located in Boothbay Harbor and situated on over 57 acres of woodlands beside a stunning stretch of oceanfront, the inn is a retreat of 56 modern rooms in eight lodges, six classic cottages, nine storied inn rooms and four town homes. The convenient location, peaceful setting and spectacular coastal views have made the inn a premier resort for families, reunions, weddings and business events.
