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4/10/2008
Wason Associates Announces Sale of the Comfort Inn in Merrimack, NH
Previous franchise owners 242 Merrimack Corp purchased the property in 2000 as a Days Inn. In 2005, 242 Merrimack Corp converted the hotel to a Comfort Inn. This involved a major renovation based on the Design Review requirements of Choice Hotels International, a worldwide lodging franchisor. All hotels under the Comfort Inn brand are managed by Choice Hotels International.
The property’s new owners, Narayan Hotel, LLC, purchased the hotel for the price of $3,250,000.00. Earle Wason, President of Wason Associates, oversaw the transaction with assistance from the Wason team; Peter Annon, CPA; Joe Cardillo, broker associate; and Wendy Casey. “Efforts were strong in making this sale happen,” states Earle Wason, President of Wason Associates. “Having been recently renovated, the hotel is now in ideal condition to compete in the current market and is a great investment for Narayan Hotel, LLC.”
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Our team welcomes you to the Wason Associates Hospitality Real Estate Brokerage Group web site. Here you will find relevant and up to date information on the market, review current transactions, learn about our services and most importantly review hotels offered for sale. Our fully functional and integrated system provides buyers with pertinent property and market data and is designed to inform, educate, provide the ability to evaluate properties for sale and help make an informed decision to pursue a hotel purchase.
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