BOSTON, MA – September 19, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of the 104-suite TownePlace Suites Providence North Kingstown in North Kingstown, Rhode Island.
HFF marketed the property on behalf of the seller, Waterford Development Corp and XSS Hotels, and procured the buyer. The hotel was sold unencumbered by management.
The TownePlace Suites Providence North Kingstown is located at 55 Gate Road, approximately 19 miles south of downtown Providence and 12 miles south of T.F. Green Airport within Quonset Business Park, which is home to nearly 200 companies, The Port of Davisville and Quonset State Airport. Completed in 2011, the Marriott-branded hotel features fully-equipped kitchens in each suite, complimentary high-speed internet access, complimentary breakfast, a sundry/convenience store, fitness center, heated indoor salt water pool, business center, BBQ/picnic area, guest laundry and complimentary shuttle service.
The HFF investment sales team representing the seller was led by managing director Denny Meikleham and director Alan Suzuki.