Optimum Hotel Brokerage Sells Litchfield Inn
Litchfield Hills Connecticut Boutique Hotel Sold
Philadelphia PA - June 21, 2011 - Optimum Hotel Brokerage announced today that the firm has closed on the sale of the Litchfield Inn, a 32-unit boutique hotel in the affluent Litchfield Hills region of Connecticut. Joseph R. McCann, Optimum's president, was the exclusive hotel broker and Licensed Connecticut Real Estate Broker representing the Florida-based trustee for the estate of its original owner and developer, James Irwin. The hotel was sold for more than $65,000 per room.
“The Litchfield Inn is a classic Connecticut country inn, and I was pleased to represent the Irwin family in the sale of this boutique hotel”, said McCann. “The Litchfield Hills region caters to an exclusive, affluent market, and the Litchfield Inn is well positioned to continue its leadership position.” In addition to the hotel's 32 guest rooms, the hotel features more than 4,000 square feet of ballroom facilities and a full service restaurant and tavern. The buyer is planning a complete renovation of the guest rooms.
Optimum Hotel Brokerage is also a member and Joe McCann is president of Hotel Brokers International, the world's largest and oldest hospitality real estate organization, which has a rich heritage of experience and expertise in hotel real estate valuation, transactions and other essential services. Comprised of some 50 hotel real estate broker specialists, HBI provides the hospitality industry with its most powerful hotel real estate marketing force, creating greater visibility through a unified and inclusive advertising and marketing approach. Mr. McCann has earned the designation of Certified Hotel Broker, with distinction, from the organization, and was recognized as HBI's Broker of the Year for the Northeast Region for many years.. HBI has also awarded McCann with the Portfolio Sale of the Year, and Unique Deal of the Year. Optimum Hotel Brokerage and Joe McCann was awarded HBI's prestigious Broker of the Year Award in 2006. Optimum Hotel Brokerage is also a provider of expert witness testimony in hotel bankruptcy, distressed hotel litigation, franchising, and hotel operations.
Mr. McCann is president of the Penn State Hotel and Restaurant Society, representing the more than 5,000 alumni of Penn State's renowned School of Hospitality Management. Optimum Hotel Brokerage has endowed scholarships at the school to provide financial assistance to students demonstrating financial need at the school.
For complete exclusive listings of hotels for sale, please go to:
www.optimumbrokerage.com.
For a complimentary valuation of your hotel, call 215-572-7711.
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