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3/18/2009
Wason Associates Announces Best Western Inn at Hampton Sold
BEST WESTERN INN AT HAMPTON, HAMPTON, NH SOLD
Wason Associates Hospitality Real Estate Brokerage Group has announced the sale of the Best Western Inn at Hampton.
“We are pleased to assist with the sale of this property. The Best Western Inn at Hampton, sits in a prime location for tourists and business guests alike,” states Earle Wason, President of Wason Associates. “The completion of this sale demonstrates that even in this challenging economic climate, lucrative hospitality real estate transactions are being completed in a timely and efficient manner.”
The property, located at 815 Lafayette Road, was sold on March 12, by a division of Maine Course Hospitality Group to Jenica Hospitality LLC; Sunny Limbachia, managing partner. Joe Cardillo, Peter Annon, CPA, Wendy Casey and Earle Wason, CCIM, negotiated the transaction. The 70-plus room property was sold for $76,000 per room.
Recipient of the 2009 Best Western Director’s Award, the Best Western Inn at Hampton is a full-service featuring a leased restaurant and lounge, leased conference center and an Avis rental facility. The property also includes an indoor heated swimming pool, hot tub, exercise facility, game room, full business services, and meeting and banquet facilities accommodating up to 500 people.
Located with convenient access to Hampton Beach, Portsmouth, Phillips Exeter Academy and a variety of corporate locations, the hotel hosts guests with a variety of travel needs - from corporate business to leisurely stays.
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Our team welcomes you to the Wason Associates Hospitality Real Estate Brokerage Group web site. Here you will find relevant and up to date information on the market, review current transactions, learn about our services and most importantly review hotels offered for sale. Our fully functional and integrated system provides buyers with pertinent property and market data and is designed to inform, educate, provide the ability to evaluate properties for sale and help make an informed decision to pursue a hotel purchase.
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