Historic New Hampshire hotel sells for $14.5M

Ashworth by the Sea Hotel

The Ashworth by the Sea Hotel in Hampton Beach, N.H., now has new owners. 

The historic hotel was sold to Linchris Hotel Corp., a hotel management company based in Hanover, Mass. The company bought the hotel for $14.5 million. The property was previously owned by Colwen Hotels of Portsmouth, and last year it updated its lobby and exterior.

The Ashworth has been standing for more than 100 years, and was built in 1912 by Col. George Ashworth. The property burned down in 1913, and again in 1915, but was rebuilt quickly each time. The hotel is positioned to take advantage of the vacation and weddings market in Hampton Beach, and is also used for social gatherings and corporate meetings. The hotel has three restaurants, a bar, event space and valet parking. Guestrooms have free Wi-Fi, coffeemakers, and flat-screen TVs. An available two-bedroom cottage has a full kitchen and porch.

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

“It’s certainly one of the premiere properties on the beach,” B.J. “Doc” Noel, president of the Hampton Area Chamber of Commerce, said in a statement.  “I’m sure they will carry on the tradition.”

Linchris Hotel Corp. operates hotels on the East Coast, including properties in Littleton, Manchester, Salem and Tilton.

Suggested Articles

After first partnering with the rideshare app in May, Hilton has introduced additional benefits for members of its loyalty program.

The Pestana Ironbound Hotel, slated to open in July 2021, will follow the openings of two other Pestana hotels in New York City in 2020.

Warren G. Feldman and Scott P. Rosenberg will continue to lead Jonathan Nehmer + Associates once the founder and chairman steps down.