Alpental Capital, a hospitality investment group with offices in Colorado and Washington, acquired the full-service DoubleTree by Hilton Leominster, Mass. in late December 2023. Other terms were not disclosed. 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.
Located off I-190, the DoubleTree Leominster appeals to both business and leisure travelers with access to nearby businesses, attractions and outdoor recreation throughout the Leominster-Fitchburg area. The hotel has 187 guestrooms, nearly 15,000 square feet of modern meeting space, an indoor pool and fitness center, and an on-site restaurant and bar.
“We are excited to add the DoubleTree Leominster to our growing portfolio,” Greg Wilson, managing partner of Alpental Capital, said in a statement. “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, and 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.