Hospitality Real Estate Brokerage Redevlopment Opportunities

As our relationships have grown with real estate developers throughout the region we recognized the need to create a different marketing platform for some of the aging hotel properties that may becoming obsolete; specifically exterior-corridor hotels or even 2-story indoor-corridor properties. These properties are generally very well located but the cost for maintenance and operating expenses are much higher than those hotels typically built today. Here we offer redevelopment opportunities of properties that may be better suited for another type of commercial use or major repositioning. Many older hotels have a land value that is greater than the value of the hotel itself and therefore the hotels listed may offer redevelopment potential now or sometime in the near future:

New Listing!! Merrimack, NH Redevelopment Project The Lender owned Merrimack Hotel & Conference Center located in Merrimack, New Hampshire is being offered for sale.The 4-story, 203 rooms, 140,000 square foot building is a high quality, solid structure of block and plank construction, presenting significant potential in many redevelopment scenarios. Adjacent strip center and pad site are available..Click here for more information.


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		Redevelopment Opportunities
		As our relationships have grown with real estate developers throughout the region we recognized the need to create a different marketing platform for some of the aging hotel properties that may becoming obsolete; specifically exterior-corridor hotels or even 2-story indoor-corridor properties. These properties are generally very well located but the cost for maintenance and operating expenses are much higher than those hotels typically built today. Here we offer redevelopment opportunities of properties that may be better suited for another type of commercial use or major repositioning. Many older hotels have a land value that is greater than the value of the hotel itself and therefore the hotels listed may offer redevelopment potential now or sometime in the near future: New Listing!! Merrimack, NH Redevelopment Project The Lender owned Merrimack Hotel & Conference Center located in Merrimack, New Hampshire is being offered for sale.The 4-story, 203 rooms, 140,000 square foot building is a high quality, solid structure of block and plank construction, presenting significant potential in many redevelopment scenarios. Adjacent strip center and pad site are available..Click here for more information. Portland, Maine Travelodge Hotel with high visibility from Interstate 95. This property, which sits on approximately +/-3 acres, has 129 exterior-corridor rooms and outdoor pool and now also includes the former Mobil Gasoline Station at the front of the property. Price: $3,000,000 Click here for more information.
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Redevelopment Opportunities