Wason Announces Sale Best Western Inn at Hampton
MARCH 19, 2009 - Wason Associates Hospitality Real Estate Brokerage Group is pleased to announce the sale of the Best Western Inn at Hampton, located in Hampton, New Hampshire. The property was sold on March 12th, 2009 by a division of Maine Course Hospitality Group to Jenica Hospitality, LLC; Sunny Limbachia, managing partner. Joe Cardillo, Peter Annon, CPA, Wendy Casey, and Earle Wason, CCIM negotiated the transaction. The 70+ room property was sold for $76,000 per room.
Recipient of the 2009 Best Western Director's Award, the Best Western Inn at Hampton is a full-service, 70+ room hotel featuring a leased restaurant and lounge, leased conference center, and an Avis rental facility. The property also includes an indoor heated swimming pool, hot tub, exercise facility, game room, full business services, and meeting/banquet facilities accommodating up to 500 people. Located with convenient access to Hampton Beach, the seacoast town of Portsmouth, New Hampshire, Phillips Exeter Academy, and a variety of corporate locations, the hotel hosts guests with a variety of travel needs - from corporate business to leisurely stays.
"We are pleased to assist with the sale of this property. The Best Western Inn at Hampton sits in a prime location for tourists and business guests alike," states Earle Wason, President of Wason Associates. "The completion of this sale demonstrates that even in this challenging economic climate, lucrative hospitality real estate transactions are being completed in a timely and efficient manner."
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