Olympia to Manage Colby College’s New Hotel

The project, which is set to break ground later this year, is owned by Elm City, Colby's development arm.
Colby College campus rendering
Colby College campus rendering

Waterville, Maine—The Olympia Cos. has added Colby College to its portfolio of properties in the campus hospitality market. The company will develop and manage the campus’ new 42-key hotel and restaurant in downtown Waterville, Maine. Construction on the project, which is owned by Elm City, Colby’s development arm, is set to begin later this year.

The Olympia Cos. has developed and managed other college-owned properties such as The Hotel at Oberlin (Oberlin College) in Oberlin, Ohio; The Alfond Inn (Rollins College) in Winter Park, Fla. and The Inn at Swarthmore (Swarthmore College) in Swarthmore, Pa. Olympia currently manages six properties in Maine, including Inn by the Sea in Cape Elizabeth and The Brunswick Hotel & Tavern.

“We are thrilled to partner with Maine-based Olympia Companies, which is known for developing unique hotels with the high level of quality and service that we expect,” said Brian Clark, vice president of planning for Colby College, in prepared remarks. “Having this hotel on Main Street will bring a constant flow of visitors to downtown to engage with merchants and shops. It signals a new vision for Waterville and will be attractive to a wide range of visitors seeking an extraordinary hotel experience.”

Image courtesy of Colby College