News: Front Section
Posted: September 15, 2017
Norwich Partners sells 108-unit hotel to AAM 15 Management, LLC
Colchester, VT Holliday Fenoglio Fowler, L.P. (HFF) completed the sale of the Residence Inn Burlington Colchester, a 108-suite, extended stay hotel.
The HFF team marketed the property on behalf of the seller, Norwich Partners, and procured the buyer, AAM 15 Management, LLC.
Completed in 2010, the Residence Inn Burlington Colchester features 108 suites with fully equipped kitchens, an indoor swimming pool and soaking tub, fitness facility, business center, sundries shop, bbq/picnic area, complimentary hot breakfast daily and the Residence Inn Mix (Monday-Wednesday). Located off I-89, the hotel is four miles from downtown Burlington and is close to the Burlington International Airport, University of Vermont, Church Street Marketplace, Champlain College and the University of Vermont Medical Center.
The HFF investment sales team representing the seller included managing director Denny Meikleham, senior director Alan Suzuki and director Matthew Enright.
Norwich Partners is a New England and Florida-based developer of and investor in commercial real estate, primarily hotels. Founded and capitalized in 2003, the company formalized a long standing business relationship between the three founding members.
AAM 15 Management is an independent private equity hotel investment and management company. AAM 15 Management pursues acquisitions of hotel assets in the urban and suburban core throughout the east coast of the U.S. Management targets growing business locations, with an emphasis on those that combine education, commercial growth and postive 24/7 population trends.
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 sales, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, “HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF).
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