NEW MILFORD — The Homestead Inn will reopen this spring following significant upgrades and redecorating, but the historic architecture of the circa-1853 Elm Street building will remain the same.

John Farley, a general contractor, recently purchased the 8,843-square-foot inn and the accompanying 4,000-square-foot circa-1938 motel for $462,000.

“I’m going to do an extensive renovation and update, then open it back up as an inn,” Farley said. “There’s too much history to the name to change it. Unless something unexpected comes up, it will reopen as The Homestead Inn.”

The inn closed in March 2015, when the former owner, Sherry Greenman, returned to her native Philippines following the death of her husband, Bill. The inn had served guests for 87 years under various owners.

Farley plans to reach out to previous guests in an effort to re-establish their connection with the inn. Some of the inn’s returning guests included out-of-town artists who stayed while performing with the Pilobolus dance company, as well as families who were visiting Canterbury, Kent, South Kent or The Gunnery schools.

“The layout won’t change much,” Farley said. He said he has an “aggressive schedule” for renovations. “But the heating system and electric will be upgraded as well as plumbing. We’ll put in air conditioning, which the buildings don’t have now.”

Farley invested $2 million to purchase and restore the historic Beach Building in 2005 at 30 Bridge St. He preserved and exposed the red brick beauty of the structure, which is now known as 30 Bridge St.

The main building at The Homestead Inn was built as a private home in 1853 by John Prime Treadwell. Three generations of his family lived there until 1915.

It was then owned by George T. Sperry. In 1928, Mary Philpot purchased the building and established The Homestead Inn. She remained innkeeper for 49 years and became one of the town’s high-profile women.

Philpot sold the inn in 1977 to Don and Barbara McPherson, who sold it in 1985 to Rolf and Peggy Hammer. Greenman purchased the inn in 2003 from the Hammers.; 203-731-3352