News: Northern New England

ROK Builders completes renovations to Hilton Garden Inn lobby and public areas

New Hampshire-based hotel owner/operators Roedel Companies, LLC have updated the lobby and public areas of their Hilton Garden Inn. The organization implemented Hilton Garden Inn's "Project Grow" concept, a company-wide initiative to update and ensure a consistent brand identity across all franchise properties. ROK Builders, LLC, the hotel construction affiliate of Roedel Companies, LLC, spearheaded the renovations while RSJ Associates provided interior and procurement services. The organizations installed new bar tables and signature seating in the restaurant and lobby areas to give guests a place to both work and socialize. Public areas and hallways throughout the property were updated with lighting, draperies and artwork. The Hotel's guest rooms and suites were also modernized with new beds, carpets, televisions, sheers and a Keurig Coffee machine. The hotel's existing furniture and décor were donated to The Granite YMCA. Vice president of development, Leslee Stewart, explained that the items were integrated into the Downtown Manchester, Allard Center and Londonderry branches as well as Camp Foss and Camp Mi-Te-Na. "Since its inception, the Hilton Garden Inn Manchester has been a long standing partner of ours and this is just another way they have supported our organization," said Stewart. "The furniture has allowed us to update our facilities and continue to create communities across the state where all are welcome." David Roedel, partner of Roedel Companies, explained that the renovations to the Hilton Garden Inn Manchester encourage guests to leave their rooms and enjoy the Hotel's offerings throughout the day. "The design updates have created an even more inviting and welcoming space for our guests, allowing them to take greater advantage of the Hotel's many amenities," said Roedel. Hilton Garden Inn - Manchester, NH
MORE FROM Northern New England
Northern New England

November 2024 NH CIBOR president’s message: 10 tips for commercial real estate investors - by Ethan Ash

While many Realtors will tell you what you need to do in order to sell your residential property at the highest price (clean out the junk, update bathrooms and kitchens, paint, etc.) most people don’t get easy to follow guidance on what to do to help your commercial real estate sale. Other than that advice that I
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Maine multifamily outlook: Opportunities in Portland, Bangor, and Lewiston-Auburn - Blake Wright and Kristie Russell

Maine multifamily outlook: Opportunities in Portland, Bangor, and Lewiston-Auburn - Blake Wright and Kristie Russell

The multifamily market in Maine’s major cities presents a diverse range of opportunities for investors. We looked at the potential benefits and unique characteristics of three major submarkets in the state: Portland, Bangor, and Lewiston-Auburn. The information below is based on research done in CoStar and county registries, and focuses on multifamily properties that have four or more units. 

The Greater Portland industrial mid-year market update - by Nate Roop

The Greater Portland industrial mid-year market update - by Nate Roop

The industrial market in Maine remains robust, characterized by historically low vacancy rates. As of early 2024, the vacancy rate across the state is below 2%, indicating a continued imbalance between supply and demand. This tight market environment has kept lease rates strong, with many landlords in a favorable position. Asking rates are trending around $10.50 per s/f for
Interest rates and inflation - by Matthew Bacon

Interest rates and inflation - by Matthew Bacon

As we all know, interest rates have been changing drastically, with movement in both directions, depending on the type and term of financing. The Federal Open Market Committee has taken drastic action in efforts to curb abnormally high inflation, but it hasn’t controlled labor cost growth to the extent that was intended.

Residential is here to untie the office space doom loop - by Thomas House

Residential is here to untie the office space doom loop - by Thomas House

The glut of unused (and to the owners, undervalued) office space because of the advent of work from home is in the process of becoming homes themselves. Though this is an officially supported trend in Boston and other northeast locations, the conversion