Tuesday, January 29, 2019

HFF announces sale of Nantasket Beach Resort in Hull, MA

Nantasket Beach Resort, Hull, MA
Denny Meikleham
 BOSTON, MA –– Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of the 107-room Nantasket Beach Resort in the suburban Boston-area community of Hull, Massachusetts.

The HFF team represented the seller, Nantasket Resort, Inc., and procured the buyer, Newport Hotel Group.

Nantasket Beach Resort is located at 45 Hull Shore Drive along Nantasket Beach, which attracts more than 200,000 visitors per year. 

Alan Suzuki
The property is positioned just 12 miles south of Boston and is the largest full-service hotel serving the South Shore. 

Renovated in 2016, the oceanfront hotel offers guests superior amenities, including private balconies with ocean views, whirlpool baths, two restaurants – the Paragon Grill and Surf Lounge, an indoor heated pool, jacuzzi, fitness center, business center, the Beach Shack, an arcade and 10,000 square feet of meeting space.

The HFF investment advisory team representing the seller consisted of managing director Denny Meikleham, senior director Alan Suzuki and director Matthew Enright.

Matthew Enright
Newport Hotel Group is a collection of boutique hotels located throughout New England, and one hotel in Jackson Hole, Wyoming. 

Through careful design and renovation, the company provides its guests with luxurious accommodations and an authentic sense of place.  

Its beachfront locations offer nautical inspiration from the ocean, its harbor front locations offer maritime influences, and its mountain locations offer cozy, rustic luxury. 

The company’s core team leaders, with an average of 20 years with the company, makes the firms vision a reality with every day and every stay. 

For additional information, please visit: www.newporthotelgroup.com.


MA Lic. #009519748
HFF Managing Director
(617) 848-1560

HFF Senior Director
(617) 338-0990

HFF Director, Public Relations
(617) 338-0990

29th Street Capital Acquires Willows at Town Center Apartments; Community is Firm’s Fourth Las Vegas-Area Acquisition

Willows at Town Center Apartments, Las Vegas, NV

Las Vegas, NV, Jan. 28, 2019 – 29th Street Capital (29SC), a privately-held real estate operator, has acquired Willows at Town Center Apartments, a 188-unit multifamily community located in Las Vegas, Nevada.

29SC plans to invest over $1.8 million in capital improvements. Interiors will receive stainless steel appliances, quartz countertops, plank flooring and refaced cabinets.

All interior units will also be equipped with Nest Thermostats. Exterior improvements will focus on modern paint in addition to enhancing the pool area, fitness center and clubhouse to boost overall curb appeal. 

Dusty Eddy
The seller was RK Properties, located in Long Beach, California, which has more than 4,300 multifamily units under management. The transaction closed January 25. The sales price was not disclosed. 

“Willows at Town Center is in the desirable Centennial area, which is one of the fastest growing submarkets in the entire valley,” said Dusty Eddy, 29SC’s Senior Vice President of Acquisitions in the Southwest. “This asset has convenient access to major employment areas in the submarket as well as the greater MSA via US-95 and 215 Beltline.”

The Las Vegas metro is home to approximately 75% of Nevada’s residents with above average population growth of 2.4%. The area is also experiencing strong employment and wage growth compared to the national average. Single-family housing prices are approaching pre-recession peak levels, causing the cost of home ownership to rise.

“Las Vegas is ranked as the number one rent growth market year-over-year according to multiple data sources,” Eddy added. “We feel that the positive demographic trends for the market will continue, which will allow us to execute our business plan and offer higher quality yet still affordable housing.”  


Terri Thornton