Holliday Fenoglio Fowler, L.P. (HFF) announces that it has closed a three-property, recently renovated hotel portfolio totaling 433 rooms in the Greater Boston area. The portfolio comprises the DoubleTree by Hilton Hotel Boston – Milford, the Doubletree by Hilton Hotel Boston – Rockland and the Hilton Garden Inn Plymouth.
HFF represented the seller, Linchris Hotel Corporation, and procured the buyer, Jamsan Hotel Management.
The hotels are all located within 40 miles of Boston and benefit from convenient access to local lodging demand generators. The DoubleTree Hilton Hotel Boston – Milford offers 176 rooms and 10,000 square feet of meeting space. The hotel captures lodging demand from Gillette Stadium/Patriot Place, the Xfinity Center, the New England Sports Center and corporate demand from local corporations, including Dell EMC. The 127-room DoubleTree by Hilton Hotel Boston – Rockland has 3,814 square feet of meeting space and is located on Boston’s South Shore just off Route 3. The Hilton Garden Inn Plymouth has 130 rooms and 1,372 square feet of meeting space. Plymouth is home to many historical tourist attractions, including Plimoth Plantation, Plymouth Rock and the Mayflower, which all generate leisure demand for the hotel.
The HFF investment advisory team representing the seller included managing director Denny Meikleham, senior director Alan Suzuki and director Matthew Enright.
About Linchris Hotel Corporation
Linchris Hotel Corporation is a 34-year old hotel management company with an outstanding reputation for high-quality and first-rate service. Located a short distance from Boston in Hanover, Massachusetts, Linchris operates its own hotels as well as offers management services to third party investors. For more information about Linchris Hotel Corporation or its properties, please call 781-826-8824 or log on to http://www.linchris.com.
About Jamsan Hotel Management
Jamsan Hotel Management Inc is a mid-sized national hotel management company, which is recognized by its investors, franchisers and clients as quality intensive. Jamsan owns and manages a wide variety of hotel properties in the North East United States. The company works with all of the leading national brands such as Marriott International, Choice Hotels, Cendant Hotel Corporation, Best Western Internationals, Intercontinental Hotel Group to provide a unique lodging solution for the greater New England region. Jamsan’s expertise includes development, hotel operations, hotels sales and marketing, advertising, asset management.
About HFF
HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.
