Spiegel of NE Moves arranges $8m for Front Street Holding, LLC
Sidney Spiegel, vice president of NE Moves Mortgage, Commercial Division, arranged an $8 million loan for Front Street Holdings, L.L.C for the conversion of the Amoskeag Inn to the Clarion Manchester hotel. Financing for the project was provided by a major national bank.
This conversion involved a major renovation based on the design review requirements of the Clarion Hotel Group. In addition, the in-house restaurant has been leased to the famous Hart's Turkey Farm Restaurant.
The newly renovated property has 118 rooms with meeting facilities for up to a 100 people. The hotel is located at 21 Front St. and is only 1 mile to downtown and 7 miles to the Manchester Airport.
NE Moves Mortgage works closely with union pension plans, insurance companies, conduits, commercial banks, and local savings banks to provide competitive rates and terms for all types of commercial real estate. NE Moves Mortgage's expertise and relationships with a variety of funding sources provides solutions to the financing needs of investors and developers.
Cambridge, MA The nonprofit Preservation of Affordable Housing (POAH) has secured $23.5 million in financing from Rockland Trust and Citizens Bank to transform a 150-year-old, underutilized church complex into housing. The project will ultimately create 46 affordable family-sized apartments.
Preserving wealth across multiple generations requires strategic planning, foresight, and the right investment vehicles. Delaware Statutory Trusts (DSTs) offer a powerful solution for families looking to build and protect their financial legacy and to efficiently plan for their estate.
The Connecticut hospitality market has demonstrated uneven recovery patterns between 2019 and 2025, with boutique and historic properties achieving $125 RevPAR in 2025, up 8.7% from the 2019 level. Coastal resort properties achieved a $105 RevPAR in 2025, representing 10.5% growth since 2019. Casino corridor properties maintained modest growth with RevPAR improving 4.5% to $92 in 2025.