BOSTON– JLL’s Hotels & Hospitality Group revealed that it has actually closed the sale of a portfolio of 3 just recently remodelled independent hotels amounting to 169 type in New England markets. JLL represented the seller, Wardman Group, in the sale. The portfolio was used unencumbered by brand name and management.
The very first residential or commercial property in the portfolio is the Ocean Gate Resort, a 65- crucial resort in Southport, Maine. The resort has leisure features, consisting of an outside heated swimming pool and jacuzzi, canoes and kayaks, a mini golf course, fire pits, bikes, and tennis and basketball courts. Placed on 33 acres, the residential or commercial property is less than 10 minutes from downtown Boothbay Harbor, 75 minutes from Portland, and 3 hours from Boston. The location is understood for kayaking, boat trips, cruising, wedding events, the Coastal Maine Botanical Gardens, and regional seafood.
Next is the 57- essential Seven Hills Inn in Lenox, Massachusetts. Finished in between 1910 and 1950, the hotel is positioned on 27 acres and keeps the very same design throughout the home’s 3 structures, that include the Manor House, Carriage House, and Terrace House. The inn provides features consisting of an outside swimming pool, life-size chess, a sitting location with firepits, just recently refurbished guestrooms, and 2 food and drink outlets. Found around 2.5 hours from Boston and New York City, the location is near museums, the Tanglewood music center, theatres, historical houses, and hiking.
The 3rd hotel is The Lodge at Mount Snow, which amounts to 47 secrets, in West Dover, Vermont. This ski lodge uses an indoor jacuzzi, outside swimming pool, gym, and the Trailhead Tavern. The home lies on 1.25 acres at the base of Mount Snow. The location is likewise understood for treking, cycling, and motorcycling throughout the warmer months. Placed less than 15 minutes from historical downtown Wilmington, which is understood for dining alternatives, a flea market and shopping, and the Molly Stark State Park, the location is obtainable from both Boston and New York City.
The JLL Hotels & & Hospitality group representing the seller was led by Managing Director Alan Suzuki, Director Matthew Enright, and Analyst Emily Zhang, with regional assistance from Senior Managing Director Jaime Fink and Managing Director Brooks Murphy.
” Vacation locations throughout New England have actually carried out remarkably well post-pandemic. We were motivated by the strong interest from both regional and nationwide financiers for these special and well-located store inns and resorts,” stated Suzuki.
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