 |
| Ashworth by the Sea Hotel, 295 Ocean Boulevard, Hampton Beach, NH |
 |
| Denny Meikleham |
BOSTON, MA –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has closed the sale and arranged
financing for Ashworth by the Sea, a
107-room, oceanfront hotel located in the New Hampshire Seacoast community of
Hampton Beach.
HFF marketed the property
on behalf of the seller, XSS Hotels, and procured the buyer, Linchris Hotel
Corporation.
Additionally, HFF assisted
the new owner in securing the seven-year, fixed-rate acquisition financing
through Middlesex Savings Bank. The hotel
was sold unencumbered by management.
Ashworth by the Sea is the
only full-service oceanfront hotel in the state of New Hampshire. Hotel guests can choose from 106 guestrooms
and suites, most offering ocean views and private balconies; and one detached
cottage.
The recently-renovated property features three
food and beverage outlets, including Breakers Restaurant and Bar, Wharfside
Café and Sandbar Rooftop Lounge. Hotel
guests have access to an indoor heated pool, fitness center, sundry shop,
business center and more than 6,000 square feet of event space across five
meeting rooms.
The immediate area
surrounding the hotel is a classic tourist destination, featuring leisure
amenities such as the Ocean Gaming Casino, Seashell Stage, Casino Ballroom and
Playland Arcade.
The beach community draws
tourists in through a busy events calendar full of free nightly concerts,
weekly fireworks, festivals including the Master Sand Sculpting Competition,
the Children’s Festival and the Annual Seafood Festival.
 |
| Alan Suzuki |
Situated at 295 Ocean Boulevard, Ashworth by the
Sea is positioned 13 miles south of Portsmouth, 37 miles east of Manchester and
50 miles north of Boston on New Hampshire’s Seacoast.
The HFF investment sales
team representing the seller was led by managing director Denny Meikleham and director Alan
Suzuki.
HFF’s debt placement team
representing the buyer was led by director Greg
LaBine.
For a complete copy of the company’s news
release, please contact:
Kristen M. Murphy
Director, Marketing
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