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CELEBRATING 30 YEARS
OF SUCCESS
representing owners in the sale of their hospitality properties |
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New
England Hotel Realty Finalizes Third Hospitality
Sale For Innkeeping Group |
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PORTSMOUTH, NH – New England Hotel Realty (NEHR)
announced the sale of the 32-room Centennial Inn, Concord, NH last week
to a Bethesda, MD, based
partnership formed by two nationally known hospitality industry
executives. The seller is a developer and manager of upscale classic New
England inns.
This is the third planned disposition that NEHR has conducted for the
seller whose portfolio of inns throughout the northeast have a
reputation for creating their own tradition of fine hospitality. The
company acquires architecturally and historically significant buildings
and restores them to “inns of distinction.” The result is a melding of
old and new – modern conveniences and elegant period furnishings.
The Centennial Inn, originally constructed in 1892, is a beautifully
restored classic New England inn with authentic Victorian antiques and
reproduction furniture adorning the common areas as well as the
guestrooms and suites. Modern amenities blend with the historical charm
of the building to provide the demanding traveler many conveniences.
Four outstanding suites housed in the Inn’s magnificent Victorian-style
twin turrets are fashioned with whirlpool tubs and private porches. From
uniquely
appointed guestrooms and suites, to intimate dining and function rooms,
the Centennial Inn provides a distinctive and personal setting that
allows guests to be productive on business or quietly relaxed as leisure
travelers.
“The Centennial Inn provides one of the finest lodging accommodations in
the area and the guest experience will be enhanced further with new
HD/LCD plasma televisions and wireless internet among other things.”
said JP Ford CHB, ISHC, Senior Vice President of New England Hotel
Realty.
Concord, the state’s capital is a vibrant city of approximately 40,000
people. Within walking distance of the Inn, the charming downtown area
is full of quaint shops and cafes. As the state’s capital, Concord
offers easy access to all branches of government, federal and state
courts, and United States federal courts. Significant additional demand
is generated for the Inn by the nearby Concord Hospital, The Christa
McAuliffe Planetarium, the world-renowned St. Paul’s School and the very
popular Capitol Center for the Arts. Concord is an attractive central
place to stay when vacationing in the diverse, appealing regions of New
Hampshire.
New England Hotel Realty, (NEHR) is the highest volume hospitality real
estate brokerage firm in the Northeast, providing acquisition,
disposition, consulting and market research services to the lodging real
estate and lending industries since 1977. NEHR has provided quality
investment opportunities and seller representation in hundreds of hotel
transactions representing owners of large urban center hotels, suburban
hotels, classic inns and smaller limited service facilities. NEHR also
represents individual and investor groups interested in identifying
opportunities that
meet their acquisition specifications. NEHR is partnered with its sister
company, Lodging Econometrics, who provides the global lodging industry
with accurate and timely real estate market trends.
If you are interested in learning more about this sale or talking with
one of our broker specialists, please give us a call at (603) 431-8740
ext. 14. We will respond back to you confidentially. |
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J.P.
Ford
e-mail:
jpford@newengland-hotelrealty.com
Ph: 603-431-8740, ext. 14
Fax: 603-431-4418 |
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Our Sister Company |
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LE,
our sister company, supplies Development Pipeline Reports and the
latest Sales Comps to our Lodging Real Estate Advisors for assistance in
formulating an Opinion of Value. |
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www.lodging-econometrics.com |
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© 2006 New England Hotel Realty, Inc., 500 Market Street, Suite 13
Portsmouth, NH 03801, Phone: 603 431-8740 Ext. 30 |
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