Sale of three unbiased resorts in New England closes

BOSTON– JLL’s Lodges & Hospitality Group introduced immediately that it has closed the sale of a portfolio of three not too long ago renovated unbiased leisure resorts totaling 169 keys in high-barrier, drive-to New England markets.

JLL represented the vendor, Wardman Group, within the sale. The portfolio was provided unencumbered by model and administration.

The primary property within the portfolio is the Ocean Gate Resort, a 65-key resort in Southport, Maine. Visitor rooms supply ocean views and personal balconies or decks. The resort encompasses a full array of leisure facilities, together with an out of doors heated pool and sizzling tub, canoes and kayaks launched from a personal dock, a miniature golf course, hearth pits with Adirondack chairs, bikes to discover the world and tennis and basketball courts. Positioned on 33 acres of woods and ocean-view vistas the property is lower than 10 minutes from downtown Boothbay Harbor, 75 minutes from Portland and three hours from Boston. The realm is thought for kayaking, boat excursions, crusing, weddings, the Coastal Maine Botanical Gardens and scrumptious native seafood.

Subsequent is the 57-key Seven Hills Inn in Lenox, Massachusetts. Accomplished between 1910 and 1950 the lodge is located on 27 acres within the coronary heart of the Berkshires and maintains the identical Gilded Age fashion all through the property’s three buildings, which embody the Manor Home, Carriage Home and Terrace Home. The inn gives trendy facilities, together with an out of doors pool, life-size chess, a sitting space with firepits, not too long ago renovated visitor rooms with views of the gardens and two meals and beverage retailers. Positioned round 2.5 hours from Boston and New York Metropolis, friends frequent the world for its many museums, the well-known Tanglewood music middle, theatres, historic properties, mountaineering and fall foliage.

The third lodge is The Lodge at Mount Snow, which totals 47 keys, in West Dover, Vermont. This ski lodge gives quite a lot of on-site facilities, together with an indoor sizzling tub, outside pool, health middle and the Trailhead Tavern. The property is positioned on 1.25 acres on the base of Mount Snow inside a brief shuttle journey of the ski lifts. The realm can be recognized for mountaineering, biking and motorcycling throughout the hotter months. Positioned lower than quarter-hour from historic downtown Wilmington, which is thought for quite a lot of eating choices, a well-known flea market and procuring and the Molly Stark State Park, this drive-to vacation spot is reachable in 2 hours and 45 minutes from Boston and 4 hours and quarter-hour from New York Metropolis.

The JLL Lodges & Hospitality group representing the vendor was led by Managing Director Alan Suzuki, Director Matthew Enright and Analyst Emily Zhang, with native help from Senior Managing Director Jaime Fink (Vermont license VT-081096202) and Managing Director Brooks Murphy (Maine license DB923984).

“Trip locations all through New England have carried out exceptionally properly post-pandemic. We had been inspired by the robust curiosity from each native and nationwide buyers for these distinctive and well-located boutique inns and resorts,” stated Suzuki.

JLL’s Lodges & Hospitality Group has accomplished extra transactions than every other resorts and hospitality actual property advisor over the past 5 years, totaling $83 billion worldwide. The group’s 350-strong world group in over 20 international locations additionally closed greater than 7,350 advisory, valuation and asset administration assignments. Our lodge valuation, brokerage, asset administration and consultancy providers have helped extra lodge buyers, house owners and operators obtain excessive returns on their property than every other actual property advisor on the planet.

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