The initial funding was used for the acquisition and subsequent reflagging of two hotels, the Doubletree Hotel in Milford (top left photo) and the Holiday Inn in Rockland, Massachusetts.(top right photo)
HFFS director Janet Krolman (middle right photo) and HFF director Greg LaBine (middle left photo) worked exclusively on behalf of the borrower to secure programmatic joint venture equity with CrossHarbor Capital Partners.
Situated 15 miles south of Boston at 929 Hingham Street in Rockland, the former Radisson Hotel will be reflagged as a Holiday Inn. The hotel is convenient to Route 3 South and area business parks. The property, the only comparable full-service hotel in its market, has five stories with 127 rooms and on-site amenities include 3,800 square feet of meeting and banquet space, a 96-seat restaurant, a fitness room, an outdoor pool and a business center.