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Updated: May 5, 2025

Long-time hospitality professional acquires two Ogunquit hotels

An exterior view of a building that has lights on inside. Photo / Courtesy Principal Hospitality Trellis House is part of Select Registry, a nonprofit association of more than 300 country inns, bed-and-breakfasts and boutique hotels throughout the U.S. that meet certain quality assurance criteria.
By Laurie Schreiber

The buyer of two neighboring hotels in Ogunquit, both dating to the early 1900s, has been in the hospitality business throughout his career.

Gerard Kiladjian, the owner of a Portland-based hotel management and consulting company called Principal Hospitality Group, bought the Trellis House at 10 Beachmere Place and the Blue Shutters Inn and Studios at 36 Beachmere Place from Laurence Plotkin and Glen Plotkin-Porter.

“Over nearly a decade, they transformed the property into a beloved destination known for its warmth, beauty and exceptional hospitality,” Kiladjian wrote about the sellers. “I’m honored to continue what they so thoughtfully built.”

Jennifer Davies of Compass Commercial Brokers and Don Wunder of ReMax Ogunquit brokered the transaction.

“This property has an incredible history and reputation,” Davies said of the portfolio.

Davies said the sale closed for $5.85 million. The portfolio was on the market for 28 days with an original list price of $6.499 million.

The transaction went smoothly and “everyone felt really good about the transition/sale,” she added.

Beach and trail

The Trellis House is part of Select Registry, a nonprofit association of more than 300 country inns, bed-and-breakfasts and boutique hotels throughout the U.S. that meet certain quality assurance criteria. 

It has eight suites and rooms with water or beach views, personal verandas and fireplaces. Amenities include gourmet breakfasts, afternoon refreshments, a wrap-around porch, gardens, a fire pit and a private path to the ocean.

The Blue Shutters Inn and Studios has a main inn with guest rooms and a fireplace, along with efficiency-style studio apartments with private sleeping and gathering areas, baths and fully equipped kitchenettes. 

An exterior view of a building with white siding and blue shutters.
Photo / Courtesy Principal Hospitality
The Blue Shutters Inn and Studios has a main inn and efficiency-style studio apartments.

There are 20 rooms between the two properties. Both are adjacent to Marginal Way, a one-and-a-quarter mile paved coastline trail from Perkins Cove to Ogunquit Beach. 

Each room is equipped with a bag with two towels and beach chairs with a shoulder strap, so guests can walk to beach. Picnic baskets can be ordered in advance.

The main buildings at both properties date back to the early 1900s, with a couple of side buildings added to each over time, he told Mainebiz.

Hotel veteran

Kiladjian, who lives in Portland, has worked at a number of boutique hotels and resorts, including Deerhurst Resort in Ontario, the Cliff House in York, the Inn at Diamond Cove and the Portland Harbor Hotel, where he was general manager. He and his wife Annie, an interior designer who owns Annie K Design in Portland, moved to Maine in 2000. 

Through Principal Hospitality Group, he owns and operates the Federal, a 30-room boutique hotel in Brunswick, along with its restaurant, 555 North. 

Extensive renovations of the Federal was Principal’s first project.

Principal’s mission is to reposition underperforming  hotels to meet market demands, improve guest satisfaction and increase long-term value; provide operations and service consulting; and implement data-informed pricing strategies and custom packages that align with client brand and goals, according to the company’s website.

“I love the independent boutique hotel markets and trying to create a brand or a destination that people enjoy,” he said.

Good followings

Kildjian said he enjoyed the process of renovating and repositioning the Federal and was looking for the same idea in his next project.

A friend told him about the Ogunquit portfolio, which was in great condition with good followings and great locations.

“So I was intrigued and changed direction and said, ‘Maybe I don’t need to renovate and reposition,’” he recounted. 

He credited the sellers for the well-maintained properties and their loyal following. The inns just need some behind-the-scenes upgrades and repairs, he added.

“I love to be in Ogunquit,” he added.

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