Sunday, October 14, 2018

HFF announces sale of largest conference center hotel in Vermont


Doubletree by Hilton Burlington Hotel, Burlington, VT
Denny Meikleham
BOSTON, MA –- Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of the 309-room DoubleTree by Hilton Burlington in Burlington, Vermont.

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. 

Alan Suzuki
The hotel is the largest conference center hotel in Vermont with 30,000 square feet of event space and offers guests access to a restaurant and lounge, indoor heated pool, fitness center, business center, gift shop and complimentary shuttle service. 

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.

Matthew Enright
AAM 15 Management is an independent private equity hotel investment and management company. 

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

KRISTEN MURPHY
HFF Director, Public Relations
(617) 338-0990
krmurphy@hfflp.com



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