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| Hampton Inn Portsmouth Central Hotel, Portsmouth, NH |
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| 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
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
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