Tuesday, April 5, 2016

Sale of Hampton Inn in Portsmouth, NH closed by HFF

Hampton Inn Portsmouth Central Hotel, Portsmouth, NH

Denny Meikleham
BOSTON, MA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of the Hampton Inn Portsmouth Central, a 125-room hotel located off the Spaulding Turnpike in Portsmouth, New Hampshire.

HFF marketed the property on behalf of the seller, Mercury Investment Co.

  Giri Hotels purchased the asset for an undisclosed amount, with the acquisition financed by Kennebunk Savings, a full service mutual savings bank with offices in Rockingham and Strafford Counties and throughout Southern York County, Maine. The property is unencumbered by management.

The Hampton Inn Portsmouth Central is located at 99 Durgin Lane, adjacent to and visible from the Spaulding Turnpike, and close to the Interstate 95 interchange in Portsmouth.  

Local demand drivers include downtown Portsmouth; Pease International, a 3,000-acre community home to more than 250 companies and the Portsmouth International Airport; the University of New Hampshire; and The Kittery Outlet Mall.  The hotel offers guests complimentary breakfast, complimentary shuttle service, an indoor pool and whirlpool, sports court, fitness room, business center and hospitality room. 

The HFF investment sales team representing the seller was led by managing director Denny Meikleham and director Alan Suzuki.

 For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
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

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