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Updated: October 2, 2023 / 2023 NextUp: 40 Under 40 Honorees

40 Under 40: Stephen Coston expands his Bar Harbor hotel portfolio

Provided Photo Stephen Coston’s Stay Bar Harbor Hotel Group operates 263 rooms in Bar Harbor with another 63 under construction or renovation.
Stephen Coston, 35
Founder and partner, Stay Bar Harbor Hotel Group / Coston, McIsaac & Shea Investment Advisors Find profiles of all the 40 Under 40 honorees here.
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Significant professional accomplishment: Stay Bar Harbor Hotel Group operates 263 rooms in Bar Harbor with another 63 under construction or renovation. We are also expanding outside of Bar Harbor, where we have 100-plus rooms in the pipeline. At Coston, McIsaac & Shea we have been able to grow our assets under management from $60 million to $350 million since 2015.

Passion project: I enjoy supporting local opportunities in reading and education. Last year I sponsored the nonfiction section of the Jesup Memorial Library as part of its expansion project, and I helped Husson University create a space for a student-led marketing agency.

Within our hotel group I started a book club for staff members where we meet biweekly and they earn bonuses for participating. I also enjoy supporting local youth sports. I sponsored the irrigation of our local baseball fields, and I help support a youth basketball program here on Mount Desert Island called No Excuses, which had a big impact on me when I was growing up.

Audacious goal: I am working on building a collection of exceptional Old Master paintings to display in our hotels. The goal is to bring world-class works — the type of works you’d normally only find in museums — to our guests here in Bar Harbor.

Favorite quote: “How sublime was the way in which Shun and Yu possessed all under Heaven but remained aloof from it.” — Confucius

Influential book: Given how I feel about reading, it’s extremely challenging to narrow it down, so here’s a handful: “Analects,” by Confucius; “The Art of Worldly Wisdom,” by Baltasar Gracian; “Antifragile,” by Nassim Taleb; “The Life & Legend of Jay Gould,” by Maury Klein; “Be My Guest,” by Conrad Hilton; “Made in America,” by Sam Walton; “Steve Jobs,” by Walter Isaacson; “Finding Alpha,” by Eric Falkenstein; and countless others.

Favorite movie: “Gladiator”

How do you recharge: I listen to music while I drive around the island — in town, through the park, wherever. 

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