Insignia/ESG is handling the Gorham sale, which went into high-gear marketing mode earlier this week. The 115-room boutique property's unnamed owners have been working out legal kinks for the last six months while Insignia has been quietly talking to potential buyers. Now it's full steam ahead.

"We just got the green light as of Monday and we're aggressively marketing it as of right now," Insignia senior managing director Paul Fitzpatrick tells GlobeSt.com. "There's been a tremendous amount of interest. Over the last six months we've probably talked with 30 to 35 potential buyers. We just had some legal and title issues with the ownership."

When asked to confirm the asking price, Fitzpatrick called the $25 million to $30 million window "a good range," adding that the seller "doesn't have a firm number" in mind. He would not identify the current owner, referring only to "private individuals."