Business & Finance

Wason Associates Negotiates the Sale of Palmer House Resort and the Best Western Plus

PORTSMOUTH, N.H. March 14, 2017 – Wason Associates Hospitality Real Estate Brokerage Group (Wason Associates) is pleased to announce the successful closing and sale of two properties— The Best Western Plus, located in Bennington, VT and The Palmer House Resort in Manchester, VT.

The Best Western Plus is located in picturesque Bennington, Vermont, near Bennington College and several ski resorts. The sale closed on July 19, 2016 and the property was acquired by S.K.B.W.V. Acquisition LLC for a final purchase price of $3,800,000. The charming property boasts 58 recently renovated rooms and a spacious owner/property manager residence.

Situated on 16-acres of lush land in Manchester, Vermont, The Palmer House Resort, was purchased by Palmer House LLC and finalized on October 4, 2016 for a sales price of $3,000,000. The 50 guest room property, located in the quaint town of Manchester, Vermont, is surrounded by the scenic Green Mountains and features a 9-hole golf course and trout pond.

“These two properties demonstrate great market potential, and we are pleased to have secured the successful transfer of both,” states Joe Cardillo, Broker Associate and Vermont Licensed Broker for Wason Associates. “With prime locations and proximity to year-round activities, the ideally-situated properties attract business and leisure travelers and prove to be mutually beneficial to all parties involved.”

About Wason Associates Hospitality Real Estate Brokerage Group

Wason Associates is a highly-respected New England-based brokerage firm comprised of professionals who bring a unique combination of financial, banking, and real estate expertise to each transaction. President, Earle Wason, CCIM has over 30 years of experience in the hospitality real estate market. Offering advisory services to both buyers and sellers, Wason Associates provides a strategic, client-centric approach to problem-solving, financial advising, and transaction execution. For more information on Wason Associates, visit www.hospitalityrealestate.com.

Contact:
Jessica Chabot
Millennium Integrated Marketing
Email: jchabot@mill-im.com
Phone: (603) 792-2200 ext. 203

Coming Up In The October Online Hotel Business Review




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Feature Focus
Revenue Management: Technology and Big Data
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