JLL’s Hotels & Hospitality Group closes sales of the Marriott-branded Fairfield Inn hotels in Woburn, MA and Portsmouth, NH

Emily Zhang

 

 BOSTON, MA – JLL’s Hotels & Hospitality Group announ has closed the sale of two Marriott-branded, select-service hotels in New England.

 

The hotels include Fairfield Inn Boston Woburn/Burlington in Woburn, Massachusetts and Fairfield Inn Portsmouth Seacoast in Portsmouth, New Hampshire.The sales prices were not disclosed.

 

JLL marketed the property on behalf of the seller, a joint venture of funds managed by Contrarian Capital Management and Waramaug Hospitality. The hotels were offered unencumbered by management.

 Alan Suzuki

The JLL Hotels & Hospitality team working on behalf of the seller was led by Managing Director Alan Suzuki, Director Matthew Enright and Analysts Emily Zhang and Miranda Guajardo.

 

Fairfield Inn Boston Woburn/Burlington (126 keys) and Fairfield Inn Portsmouth Seacoast (102 keys) both underwent significant renovations in 2015 and 2016.

 

Both hotels offer a standard mix of traditional guest rooms, complimentary breakfast, a business center, fitness center, seasonal outdoor pool and sundry store, as well as free on-site parking.

 

Fairfield Inn Boston Woburn/Burlington is located 10 miles northwest of Boston at the intersection of Interstate 95/Route 128 and I-93.

Fairfield Inn Boston Woburn/Burlington, Woburn, MA

In addition, Logan International Airport is located 20 minutes from the property, which is also near the Anderson/Woburn station serviced by the MBTA Lowell Line Commuter Rail and the MBTA Route 134 bus.

 

 Aside from being a short distance from the attractions offered in downtown Boston, the hotel is in the business district of Woburn near local attractions such as the Lexington Battle Green, Horn Pond Reservation, Forest Park and Shaker Glenn.

 

Fairfield Inn Portsmouth Seacoast is 50 miles north of Boston and is proximate to I-95 and U.S. Route 1.

 Matthew Enright

The hotel is centrally located just minutes from Pease International Tradeport, Liberty Mutual and the Portsmouth Naval Shipyard.

 

Additionally, the property is proximate to the city’s waterfront, Portsmouth Music Hall, 3S Artspace, Prescott Park, the Kittery Mall Outlets and more.

 

The city is often featured on various “best places to live lists” and has been named by Forbes Traveler as one of America’s Prettiest Towns.

 

For more news, videos and research resources on JLL, please visit our newsroom.

 

 

CONTACT:

 

Cierra Lacasse

JLL Associate, Public Relations

Phone: +1 602 648 8701

Email:  Cierra.Lacasse@am.jll.com