JLL’s Hotels & Hospitality Group closes the sale of The Waterford Inn & Spindler’s Restaurant on Cape Cod in Provincetown, MA.

The Waterford Inn,  a 15-room property
 in Provincetown, MA

 BOSTON, MA – JLL’s Hotels & Hospitality Group announced today that it has closed the sale of

The Waterford Inn & Spindler’s Restaurant, a 15-room inn and a 145-seat restaurant in Provincetown, Massachusetts.The price was not disclosed.

 

Jessica Rosenberg

JLL marketed the property on behalf of the seller, THG Properties, LLC, in the sale to Sawyer Realty Holdings, LLC. 

Sawyer Realty and its affiliate hotel management company, Meads Bay Hotel Group, own and manage 7 hotels throughout Massachusetts.

Meads Bay was founded in 2021 by Jessica Rosenberg as a vehicle to manage the companies’ boutique hotel portfolio.

Spindler’s Restaurant, a 145-seat facility
 in Provincetown, MA

The Waterford Inn and Spindler’s is Meads Bay’s third acquisition in Provincetown this year and is a natural addition for the company.

Set in an 1850’s Sea Captain’s mansion and renovated from 2016-2018, The Waterford Inn provides harbor views. Inn amenities include complimentary breakfast, WiFi, room service, and sparkling/still water filtration.

Alan Suzuki 

The property includes 15 guest rooms including a two-bed inn keeper unit, a restaurant, small café, a 454-square-foot cottage and lush gardens and patio lounge seating.

Opened in 2016, Spindler's Restaurant offered an inspired menu of classic, French-style cuisine with Italian soul and the freshest of Cape Cod and New England ingredients.

 By popular demand Spindler’s transitioned to serve Sabores de Mexico, a modern authentic Mexican cuisine full of flavor using the freshest of ingredients

Provincetown is one of the most desirable leisure destinations in New England, only 116 miles from Boston, 122 miles from Providence and 293 miles from New York City.

The city is accessible by a variety of transportation options, including Interstates 495 and 195, Route’s 3 and 6, ferry boats departing from MacMillan Pier, Provincetown Municipal Airport and Peter Pan Bus Company.

 

Matthew Enright

The JLL Hotels & Hospitality team working on behalf of the seller was led by Managing Director Alan Suzuki and Director Matthew Enright.

 JLL’s Hotels & Hospitality Group has completed more transactions than any other hotels and hospitality real estate advisor over the last five years, totaling $83 billion worldwide. The group’s 350-strong global team in over 20 countries also closed more than 7,350 advisory, valuation and asset management assignments. 

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CONTACT:

 Cierra Lacasse

 JLL Associate

 Public Relations

Phone: +1 602 648 8701

Email:  Cierra.Lacasse@am.jll.com