Wason Associates Negotiates the Sale of Palmer House Resort and the Best Western Plus
PORTSMOUTH, N.H. March 14, 2017 - Wason Associates Hospitality Real Estate Brokerage Group (Wason Associates) is pleased to announce the successful closing and sale of two properties— The Best Western Plus, located in Bennington, VT and The Palmer House Resort in Manchester, VT.
The Best Western Plus is located in picturesque Bennington, Vermont, near Bennington College and several ski resorts. The sale closed on July 19, 2016 and the property was acquired by S.K.B.W.V. Acquisition LLC for a final purchase price of $3,800,000. The charming property boasts 58 recently renovated rooms and a spacious owner/property manager residence.
Situated on 16-acres of lush land in Manchester, Vermont, The Palmer House Resort, was purchased by Palmer House LLC and finalized on October 4, 2016 for a sales price of $3,000,000. The 50 guest room property, located in the quaint town of Manchester, Vermont, is surrounded by the scenic Green Mountains and features a 9-hole golf course and trout pond.
“These two properties demonstrate great market potential, and we are pleased to have secured the successful transfer of both,” states Joe Cardillo, Broker Associate and Vermont Licensed Broker for Wason Associates. “With prime locations and proximity to year-round activities, the ideally-situated properties attract business and leisure travelers and prove to be mutually beneficial to all parties involved.”
About Wason Associates Hospitality Real Estate Brokerage Group
Wason Associates is a highly-respected New England-based brokerage firm comprised of professionals who bring a unique combination of financial, banking, and real estate expertise to each transaction. President, Earle Wason, CCIM has over 30 years of experience in the hospitality real estate market. Offering advisory services to both buyers and sellers, Wason Associates provides a strategic, client-centric approach to problem-solving, financial advising, and transaction execution. For more information on Wason Associates, visit www.hospitalityrealestate.com.
Contact:
Jessica Chabot
Millennium Integrated Marketing
Email: jchabot@mill-im.com
Phone: (603) 792-2200 ext. 203
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
