News: Front Section
Posted: October 19, 2018
Meikleham, Suzuki and Enright of Holliday Fenoglio Fowler, L.P. complete sale of 309-room DoubleTree by Hilton Burlington VT
Burlington, VT Holliday Fenoglio Fowler, L.P. (HFF) completed the sale of the 309-room DoubleTree by Hilton Burlington. According to public record, the property sold for $35 million.
The HFF team marketed the property on behalf of the seller, RLJ Lodging Trust, and procured the buyer, AAM 15 Management, LLC.
The DoubleTree by Hilton Burlington is located at 870 Williston Rd. at the intersection of I-89 and Rte. 2, one mile east of downtown and Lake Champlain. The hotel benefits from its location proximate to various demand drivers, including The University of Vermont and several local colleges, the UVM Medical Center, downtown and the Champlain Islands. The hotel is the largest conference center hotel in the state with 30,000 s/f of event space and offers guests access to a restaurant and lounge, indoor heated pool, fitness center, business center, gift shop and complimentary shuttle service.
The HFF investment advisory team representing the seller consisted of managing director Denny Meikleham, senior director Alan Suzuki and director Matthew Enright.
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