Newspaper’s Former Home Eyed for 100-room Hotel

By: Tom Bell | The Portland Press Herald

PORTLAND – Two developers plan to transform the former Portland Press Herald building into a 100-room boutique hotel.

Jim Brady, former president of the Olympia Cos., and Kevin Bunker, an advocate for downtown redevelopment, signed a purchase-and-sale agreement in June with John Cacoulidis, president of Grand Metro Builders of New York Corp.

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