Waramaug Hotels buys six-property portfolio

Waramaug LS Hotels, a private investment group, acquired six Fairfield Inn by Marriott hotels in New England, totaling 696 rooms.

The portfolio is comprised of the Fairfield Inn Burlington, Williston, Vt.; Fairfield Inn Portsmouth Seacoast, Portsmouth, N.H.; Fairfield Inn, Amesbury, Mass.; Fairfield Inn Boston Woburn Burlington, Woburn, Mass.; Fairfield Inn Boston Tewksbury Andover, Tewksbury, Mass.; and the Fairfield Inn New Haven, Wallingford, Conn.

The six hotels in the portfolio are all single-building, interior-corridor hotels ranging from three to five stories and containing between 105 and 133 guestrooms. They were originally built in the late 1980s as Susse Chalet hotels.

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“The addition of these assets to our select service portfolio presents an opportunity to gain access to highly-desirable New England markets with located along the I-95 corridor,” said Paul Nussbaum, founder and chairman, Waramaug LS Hotels. “The properties were extremely well-built and feature high-quality construction. They were converted to Fairfield Inn hotels in 2008.”

Waramaug plans to begin a renovation of the portfolio including a transformation of the public spaces, guestrooms, and building exteriors. Plans include adding a porte-cochere as well as an enlarged breakfast area and a state of the art fitness facility. All of these improvements are intended to bring the portfolio up to the standard for the current Fairfield prototype. Interstate Hotels & Resorts has been named as the management company for the portfolio.