 |
| Doubletree Westborough, 5400 Computer Drive, Westborough, MA |
 |
| Daniel Peek |
BOSTON, MA, July 8, 2015 –
Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the
sale of the Doubletree Westborough,
a 223-room, full-service hotel in Westborough, Massachusetts.
HFF marketed the asset on
behalf of the seller, Investcorp International Inc. Ultima Hospitality purchased the property.
The Doubletree Westborough
is located at 5400 Computer Drive within the Westborough Technology Park 25
miles west of Boston.
The property is proximate to more than 12
million square feet of office space within a 10 mile radius and has immediate
access to Interstate 495.
Recently
renovated, the 167,346-square-foot hotel features a fitness room, indoor pool,
business center, 13,000 square feet of meeting and event space and the Regatta
Grill & Bar.
 |
| Denny Meikleham |
The HFF investment sales team representing the seller was led by senior managing director Dan Peek and managing directors Denny Meikleham and Michael Gigliotti and director Alan Suzuki.
“The Doubletree
Westborough is the only full-service hotel in Westborough and as a result
captures the majority of the demand for social events and corporate meetings in
the immediate area,” said Meikleham.
“This was a great opportunity for the buyer to acquire a
well-maintained, well-located hotel with solid in-place cash flow well below
replacement value.”
For a
complete copy of the company’s news release, please contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 |
Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
No comments:
Post a Comment