Tri Town Commercial Advisors Completes Off-Market Sale of Quality Inn Hotel in North Conway, NH
NORTH CONWAY, NH — August 2024 — Tri Town Commercial Advisors is pleased to announce the successful off-market sale of the Quality Inn hotel located at 1567 White Mountain Highway in North Conway, New Hampshire.
Eric Szczepkowski, Partner and Executive Vice President of Tri Town Commercial Advisors, represented the seller and successfully procured the buyer in the transaction.
The sale highlights the brokerage’s experience facilitating hospitality investment transactions throughout New England, including opportunities that are not publicly marketed.
Hospitality Investment Property in North Conway, New Hampshire
Located along White Mountain Highway (Route 16), the Quality Inn property is situated within one of New Hampshire’s most established tourism destinations.
North Conway and the surrounding Mount Washington Valley attract visitors throughout the year, with tourism supported by skiing, hiking, outdoor recreation, shopping, and the region’s proximity to the White Mountain National Forest.
The area’s combination of seasonal tourism and year-round recreational opportunities makes it an established hospitality market for hotel owners, operators, and commercial real estate investors.
The Quality Inn property at 1567 White Mountain Highway offered the buyer an opportunity to acquire an existing branded hotel within this established New England tourism market.
An Off-Market Hotel Sale
Unlike traditional commercial property sales that involve publicly listing and marketing an asset, this transaction was completed off-market, with Tri Town Commercial Advisors identifying and procuring the buyer directly.
Off-market transactions can provide hotel owners with an alternative approach to selling their properties, particularly when confidentiality, operational continuity, or a targeted marketing strategy is important.
For hospitality properties, this approach can be especially valuable because hotel operations involve considerations beyond the underlying real estate, including business performance, brand affiliations, management structures, and ongoing guest operations.
By leveraging its relationships with commercial real estate investors and hospitality buyers, Tri Town Commercial Advisors successfully connected the seller with a qualified purchaser.
“We’re thrilled to have facilitated this transaction smoothly and efficiently for our client,” said Szczepkowski. “Our ability to secure a buyer off-market underscores our commitment to delivering exceptional value and results for our clients.”
Hotel Brokerage and Hospitality Investment Sales
Hotel transactions require an understanding of both commercial real estate fundamentals and the operational characteristics of hospitality businesses.
Unlike many traditional commercial investment properties, hotels are operating businesses whose values can be influenced by room revenue, occupancy, average daily rates, operating expenses, franchise requirements, and capital improvement needs.
For property owners considering a sale, evaluating these factors alongside prevailing market conditions and buyer demand is an important part of developing an effective disposition strategy.
Tri Town Commercial Advisors works with hotel owners, investors, and hospitality operators throughout Massachusetts, Rhode Island, New Hampshire, and the broader New England region.
The brokerage’s experience includes identifying prospective purchasers, facilitating off-market opportunities, marketing hospitality investments, and representing owners through the commercial real estate sales process.
Commercial Real Estate Investment Sales Throughout New England
The Quality Inn transaction in North Conway demonstrates Tri Town Commercial Advisors’ ability to facilitate commercial investment sales beyond its primary Southeastern Massachusetts and Rhode Island markets.
While the brokerage maintains a strong presence throughout Southern New England, its commercial real estate services extend into New Hampshire and other regional markets where client requirements and investment opportunities align.
Tri Town Commercial Advisors provides comprehensive brokerage services across multiple property sectors, including hospitality, retail, office, industrial, development land, and investment real estate.
Its work encompasses commercial property sales, acquisitions, landlord and tenant representation, investment transactions, and development opportunities.
Considering Selling a Hotel or Hospitality Property?
Hotel owners considering selling their properties may benefit from evaluating both traditional marketing strategies and targeted off-market approaches.
Tri Town Commercial Advisors assists hospitality property owners in assessing market conditions, identifying potential buyers, and developing transaction strategies tailored to their objectives.
Whether an owner is considering the sale of a limited-service hotel, a branded hospitality property, or a larger commercial investment asset, the brokerage offers transaction experience and access to a network of prospective purchasers.