Newmark Grubb Knight Frank (NGKF) Hotels sold two Best Western Plus locations to a regional owner/management firm in New England for a combined $22.5 million, less than a year after it began marketing the properties as part of an eight-hotel portfolio. The 92-suite Best Western Plus Roundhouse Suites was purchased by Dev Hospitality; and, the Best Western Plus Black Rock, a 60-room hotel at 100 Kings Highway Cutoff in Fairfield, Conn, was purchased by Black Rock Acquisition.
Bhavesh "B.J." Patel, Rick Besse, Jonathan Kule and Garrett Stoffels marketed the hotels and represented the seller, WNW Hospitality Group, a hotel owner and operator based in Great Neck, N.Y.
The Boston hotel is a six-story brick building distinctive for its round shape. Built in 1828, the hotel was redeveloped in 2001, has more than 1,800 square feet of meeting space, a fitness room and on-site parking.
WNW Hospitality Group developed the Fairfield property in 2006. The hotel has a business center, fitness room and guest laundry. The two-story property is off I-95 and the Black Rock Turnpike, near five universities including Fairfield University, downtown Fairfield, Beardsley Zoo, Port Jefferson Ferry, the Maritime Aquarium, Jennings Beach, Penfield Beach, the Webster Bank Arena at Harbor Yard and numerous shopping and dining venues.
WNW Hospitality Group retained NGKF Hotels in early 2013 to market and sell the two hotels and six others in a portfolio totaling 830 rooms. The remaining assets are in the states of New York, New Jersey and Connecticut.