News for the Hospitality Executive
(Portsmouth, NH October 29, 2012) – Wason Associates Hospitality Real Estate Brokerage Group is pleased to announce the successful transaction of the Comfort Inn in Lincoln, NH and the Holiday Inn Express in Keene, NH.
The Comfort Inn is located at 21 Railroad Street in Lincoln, NH, minutes from Loon Mountain Ski Resort on the scenic Kangamangus Highway. The large four-story building offers 81 interior corridor rooms, excellent amenities, and an outstanding staff. The firm represented Butson Lincoln, LLC as the seller with Amba Hotel, LLC as the buyer. A creative short term lease was structured so that the buyer could operate the property during the summer months with the final transfer of title taking place on September 12, 2012. The transaction was financed through Northway bank.
The Holiday Inn Express, a highly sought after franchise, consists of 80 impeccably maintained rooms remodeled in a recent $1,000,000 renovation. The property is located a few blocks from downtown Keene and Keene State College. As one of the best hotels in the southwestern part of New Hampshire, the Inn benefits from numerous local business, corporate, and leisure activities. The property has been exceptionally well-managed over the past 14 years by Linchris Hotel Corporation, a hospitality leader in management and ownership. The firm represented Keene Inn Corp. as the seller with OS&S Keene, LLC as the buyer. Colwen Management will with take over the day to day operations.
The transactions were negotiated by Joe Cardillo, Broker Associate and Peter Annon, CPA of Wason Associates Hospitality Real Estate Brokerage Group.
About Wason Associates
Wason Associates Hospitality Real Estate Brokerage Group is a highly-respected New England-based brokerage firm comprised of professionals who bring a unique combination of financial, banking, and real estate expertise to each transaction. President Earle Wason, CCIM has over 25 years of experience in the hospitality real estate market. Offering advisory services to both buyers and sellers, Wason Associates provides a strategic, client-centric approach to problem-solving, financial advising, and transaction execution. For more information on Wason Associates, visit hospitalityrealestate.com.
J. Annon, CPA, RFC
Hospitality Real Estate Brokerage Group
603-223-0320 Home Office
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