News: Front Section
Posted: June 16, 2023
CBRE handles sale of Holiday Inn Express & Suites Manchester-Airport located at 1298 S. Porter St.
Manchester, NH CBRE has completed the sale of Holiday Inn Express & Suites Manchester-Airport located at 1298 S. Porter St. The hotel was acquired by Manchester Hospitality. The sale price was not disclosed.
CBRE’s Dave McElroy and Scott Hutchinson of CBRE Hotel Brokerage and Investment Sales represented the seller, the Singer family of Manchester, during the transaction.
“This hotel offers a unique opportunity to take a position in a steady and growing market at a time when business travel is making a double-digit comeback,” said McElroy. “The Holiday Inn Express will allow Manchester Hospitality to capture the leisure demand, which has already returned to pre-pandemic levels. The buyer is planning a complete renovation, which will kick-start the recovery started under the Singer family’s ownership and Linchris Hotels management.”
Opened in 2003, the Holiday Inn Express & Suites takes advantage of visibility from I-293, in a location, 3.7 miles from the Manchester-Boston regional airport. The hotel features a total of 108 guestrooms with a mix of room types, indoor pool and fitness center and meeting space
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