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

 

JLL Capital Markets secures $25 million financing for the 160-unit Stonegate Riverside apartments in Riverside, CA

 

Stonegate Riverside apartments, 
a 160-unit, 1987 vintage, value-add,
 garden-style multi-housing
community in Riverside, CA

SAN FRANCISCO, CA – JLL Capital has arranged the $24.64 million acquisition financing for Stonegate Riverside, a 160-unit, 1987 vintage, value-add, garden-style multi-housing community in Riverside, California.

 JLL represented the borrower, Universe Holdings, to secure the ten-year, fixed-rate loans through Freddie Mac Multifamily. The loans will be serviced by JLL Real Estate Capital, LLC, a Freddie Mac Optigo℠ lender.

Jolie Zhou

The JLL Capital Markets Debt Advisory team was led by Senior Managing Director Charles Halladay, Director Jonah Aelyon and Analyst Jolie Zhou.

Stonegate Riverside features studio, one- and two-bedroom units with spacious kitchens, stainless steel appliances, vinyl plank flooring, over-sized patios or balconies, walk-in closets and an average size of 801 square feet.

Communities include a spa, pool, playground, business center, picnic area, fitness center and dog park.

 

Charles Halladay

Situated at 6506 Doolittle Ave., Stonegate Apartments allows residents access to over 1.9 million jobs in the Inland Empire and benefit from proximity to five major freeways (60, 91, 10, 15, 215) that put millions of jobs in Orange County and Los Angeles County within manageable commute times.

 “With its strong population growth, growing job opportunities and affordable cost of living, the Inland Empire checks all the boxes when it comes to demand drivers we look for in a new market,” said Universe Founder and CEO Henry Manoucheri.

Jonah Aelyon 

“The market’s relative affordability is one of several key factors that we value in this market.”

 JLL delivers multi-housing investors a full range of solutions through one diverse, integrated platform. The division employs approximately 400 professionals who provide comprehensive investment sales and disposition services with access to thousands of domestic and foreign investors.

 Henry Manoucheri

JLL is also one of the nation’s largest affordable and conventional multi-housing and seniors housing lenders with comprehensive loan underwriting, asset management and loan servicing capabilities.

 Agency/GSE lending and loan servicing are performed by JLL Real Estate Capital, LLC, a wholly owned indirect subsidiary of Jones Lang LaSalle Incorporated. Loans made or arranged in California are pursuant to a California Financing Law license.

CONTACT:

Jenna Sharp

 JLL Associate

 Public Relations

Phone: +1 214 394 3356

Email:  Jenna.Sharp@am.jll.com

 

Edyth Bush Charitable Foundation Celebrates Completion of New Flagship Office Building in Winter Park, FL – Hold Thyssen Named Exclusive Management Representative

 

Rendering of planned Edyth Bush Charitable Foundation, 199 S. Knowles Avenue at the corner of Welbourne Avenue in downtown Winter Park, FL

WINTER PARK, FL – Hold-Thyssen, Inc. a full service commercial real estate firm, has been named the management representative for the Edyth Bush Charitable Foundation’s newly completed flagship office building.

The new headquarters is officially opening September 15 at 199 S. Knowles Ave. at the corner of Welbourne Avenue in downtown Winter Park.

Robert P. Hold

Known formally as “The Edyth,” the 14,500 square foot, one-of-a-kind, Class A+ office building was designed by the renowned architectural firm of SchenkelSchultz.

 The Edyth will house the Foundation’s headquarters in the 6,000 square foot top floor, with the Alfred I. duPont Trust occupying the second-floor tenant suite.

Vik Mahadeo

The first floor also boasts a spacious and versatile meeting center for use by the Foundation and invitees for special events and meetings. Orlando-based Jack Jennings & Sons was the general contractor on the project.

Robert P. Hold, Principal at Hold-Thyssen said Associate Vik Mahadeo is leading his firm’s management team for the Foundation’s building, covering all responsibilities from facilities management, coordinating systems maintenance, vendor relations and scheduling routine maintenance and repairs.


 
CONTACTS:

Anthony Fisher, Vice President, Hold Thyssen Inc., 

407-691-0505, afisher@holdthyssen.com

Robert P. Hold, Principal, Hold Thyssen, Inc., 

407-691-0505, bhold@holdthyssen.com