Two Marriott-branded select-service hotels in New England have changed hands. JLL’s Hotels & Hospitality Group closed on the sale of the 126-key Fairfield Inn Boston Woburn/Burlington in Woburn, Mass., and the 102-key Fairfield Inn Portsmouth Seacoast in Portsmouth, N.H., on behalf of the seller, a joint venture of funds managed by Contrarian Capital Management and Waramaug Hospitality. The hotels were offered unencumbered by management.
According to The Real Reporter, the Massachusetts property sold for $14.3 million. No price was available for the New Hampshire hotel.
The hotels both underwent significant renovations in 2015 and 2016. Both hotels offer a standard mix of traditional guestrooms, a business center, a fitness center, a seasonal outdoor pool and a sundries store.
Fairfield Inn Boston Woburn/Burlington is 10 miles northwest of Boston and 20 minutes from Logan International Airport in the business district of Woburn near local attractions such as the Lexington Battle Green, Horn Pond Reservation, Forest Park and Shaker Glenn.
Fairfield Inn Portsmouth Seacoast is 50 miles north of Boston, close to the city’s waterfront, Portsmouth Music Hall, 3S Artspace, Prescott Park and the Kittery Mall Outlets and more.
The JLL Hotels & Hospitality team working on behalf of the seller was led by managing director Alan Suzuki, director Matthew Enright and analysts Emily Zhang and Noelle Deslauriers.