Hospitality Funding Facilitates Acquisition of Six Fairfield Inn by Marriott by Waramaug LS Hotels
May 21, 2015 6:17am
Palm Beach, FL — Hospitality Funding announced today the role of advisor in raising equity for the acquisition of six Fairfield Inn by Marriott hotels by Waramaug LS Hotels, LLC, a private investment group. The deal spans 696 rooms located throughout New England.
The portfolio is comprised of the Fairfield Inn Burlington, Williston, Vermont; Fairfield Inn Portsmouth Seacoast, Portsmouth, New Hampshire; Fairfield Inn, Amesbury, Massachusetts; Fairfield Inn Boston Woburn Burlington, Woburn, Massachusetts; Fairfield Inn Boston Tewksbury Andover, Tewksbury, Massachusetts; and the Fairfield Inn New Haven, Wallingford, Connecticut.
The six hotels in the Portfolio are all single building, interior corridor hotels ranging from three to five stories and containing between 105 and 133 guestrooms. They were originally built in the late 1980s as Susse Chalet Hotels.
Of the landmark acquisition, Hospitality Funding’s Chairman, Scott Silver said, “We are excited to continue our successful partnership with Waramaug LS Hotels and are particularly pleased to be able to facilitate the purchase of such an outstanding portfolio.”
Waramaug plans to begin a comprehensive renovation of the portfolio including a transformation of the public spaces, guestrooms, and building exteriors. Plans include adding a porte-cochere as well as an enlarged breakfast area and a state of the art fitness facility. All of these improvements are intended to bring the portfolio up to the standard for the current Fairfield prototype. Interstate Hotels & Resorts has been named as the management company for the portfolio.
Tags: hospitality funding,
waramaug ls hotels
Contact: Scott J Silver
Waramaug LS Hotels and Woodmont Lodging Complete $2.4 Million Renovation of Holiday Inn Express & Suites Bentonville
Waramaug LS Hotels LLC Acquires Candlewood Suites Athens, Georgia; Renovation Planned
Hospitality Funding, Inc. Arranged Funding for the Acquisition of the Comfort Suites Arlington, Texas
Hospitality Funding Advises Cambria Hotels Expansion in Sonoma County, California
Hospitality Funding Advises Newark Hotel Acquisition
Hospitality Funding Advises Cambria Hotels Expansion in Napa, California
Waramaug LS Hotels Completes Renovation of Six Fairfield Inn by Marriott Hotels
Hospitality Funding Arranges $12.6 Million Acquisition Loan for Plantation, Florida Hotel
Waramaug LS Hotels, LLC Acquires Holiday Inn Express Hauppauge, New York
Waramaug LS Hotels Completes Renovation to Holiday Inn Express & Suites Greenville Airport, South Carolina
Waramaug LS Hotels Acquires Two Arkansas Hotels in Partnership with Woodmont Lodging
Refinancing Best Practices: Preparing for the Upcoming $200 billion of CMBS Loan Maturities
Hospitality Funding Inc. Arranges $20 Million Loan for the Acquisition of the Burr Ridge Marriott Hotel
Hospitality Funding Arranges $6.175 Million Acquisition Loan for Bonita Springs Hotel
Interstate Hotels & Resorts Announces Strategic Alliance With Hospitality Funding
Waramaug LS Hotels, LLC Purchases La Quinta Inn & Suites Bonita Springs in Florida
Waramaug LS Hotels, LLC Purchases Courtyard by Marriott in Springfield, Ohio
Waramaug LS Hotels, LLC Acquires Portfolio of Six Fairfield Inn Hotels in the Northeast
Waramaug LS Hotels, LLC Purchases South Carolina Holiday Inn Express & Suites
Waramaug LS Hotels Acquires 123-key Holiday Inn Express & Suites-Tampa-USF-Busch Gardens in Florida
Please login or register to post a comment.