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| Doubletree by Hilton Burlington Hotel, Burlington, VT |
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| Denny Meikleham |
The HFF team marketed the property on behalf of the seller, RLJ Lodging
Trust, and procured the buyer, AAM 15 Management, LLC.
The DoubleTree by Hilton Burlington is located at 870 Williston Road at
the intersection of Interstate 89 and Route 2 just one mile east of downtown Burlington
and Lake Champlain.
The hotel benefits from its location proximate to various
demand drivers, including The University of Vermont and several local colleges,
the UVM Medical Center, downtown Burlington and the Champlain Islands.
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| Alan Suzuki |
The HFF investment advisory team representing the seller consisted of
managing director Denny Meikleham, senior director Alan Suzuki
and director Matthew Enright.
RLJ Lodging Trust is a self-advised, publicly
traded real estate investment trust focused on owning premium-branded,
focused-service and compact full-service hotels.
The company’s portfolio consists of 152 hotels with approximately
29,490 rooms located in 26 states and the District of Columbia and an ownership
interest in one unconsolidated hotel with 171 rooms. Learn more at rljlodgingtrust.com.
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| Matthew Enright |
AAM 15 Management pursues acquisitions of hotel assets in the urban and suburban core throughout the east coast of the United States.
Management targets growing business
locations, with an emphasis on those that combine education, commercial growth
and positive 24/7 population trends.
CONTACTS:
DENNY MEIKLEHAM
HFF Managing Director
(617) 848-1572
ALAN SUZUKI
HFF Senior Director
(617) 338-0990
JAIME FINK
VT Lic. #081096202
HFF Senior Managing Director
(312) 528-3650
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