HFF Announces the Sale of the Residence Inn Portland Downtown/Waterfront Hotel in Maine

. October 18, 2017

BOSTON, MA. October 18, 2017 - Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of the 179-suite Residence Inn Portland Downtown/Waterfront hotel located in Portland, Maine.

The HFF team marketed the property on behalf of the seller, Norwich Partners, and procured the buyer. The hotel was purchased unencumbered of management.

The Residence Inn Portland Downtown/Waterfront is located at 145 Fore Street at the corner of Fore and Hancock Streets in downtown Portland. The hotel is across from the Ocean Gateway Garage and just up the street from the Ocean Gateway Terminal cruise port as well as many of Portland's restaurants, retail shops, leisure attractions and offices. Completed in 2009, the five-story property features suites with fully equipped kitchens, the Shipyard Lounge, 1,235 square feet of event space, an outdoor courtyard, business center, fitness center, indoor pool and complimentary hot breakfast.

The HFF investment sales team representing the seller included managing director Denny Meikleham, senior director Alan Suzuki and director Matthew Enright.

About Norwich Partners

Norwich Partners is a New England and Florida-based developer of and investor in commercial real estate, primarily hotels in the northeastern U.S. and Florida. Founded and capitalized in 2003, the company formalized a long-standing business relationship between the three founding members. Learn more at norwichpartners.com.

About HFF

HFF and its affiliates operate out of 24 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF. CONTACTS:

Business Contact:

Kristen Murphy
T: (617) 338-0990
E: [email protected]

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