Alpental Capital Acquires 187-Room Doubletree Leominster in Massachusetts
Alpental Capital ("Alpental"), a hospitality investment group with offices in Colorado and Washington, announced the acquisition of the full-service DoubleTree by Hilton Leominster, Massachusetts in late December 2023.
Located just off I-190, the DoubleTree Leominster provides both business and leisure travelers convenient access to nearby businesses, attractions, and outdoor recreation throughout the Leominster-Fitchburg area. The hotel boasts 187 spacious guest rooms, nearly 15,000 square feet of modern meeting space, an indoor pool and fitness center, and an on-site restaurant and bar. Alpental plans to invest in significant property improvements to further elevate the guest experience and solidify the DoubleTree Leominster's long-term position as a preferred hotel in the region.
"We are excited to add the DoubleTree Leominster to our growing portfolio," said Greg Wilson, Managing Partner of Alpental Capital. "This off-market acquisition aligns perfectly with our strategy of investing in quality, premium-branded hotels in dynamic markets with strong in-place performance and growth potential."
This strategic investment is the tenth hotel Alpental has purchased since mid-2021, as well as Alpental's third DoubleTree hotel and second hotel located in the Northeast. Alpental is actively pursuing additional expansion opportunities in select markets throughout the country.
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