Patrick Ford, Chairman of Lodging Econometrics (LE), the global leader for hotel real estate intelligence, and New England Hotel Realty (NEHR), the leading full-service hotel real estate advisory brokerage firm in the Northeast, announced today that Timothy Ford has been appointed President of both companies.
New England Hotel Realty (NEHR), powered by the global market intelligence of Lodging Econometrics (LE), recently reported that the United States Hotel Construction Pipeline totaled 5,255 Projects/636,274 Rooms, rising 4% Year-Over-Year (YOY).
PORTSMOUTH, NH – New England Hotel Realty (NEHR), the leading hotel real estate advisory and brokerage firm in the Northeast, is pleased to announce the recent sale of the Fairbanks Inn in St. Johnsbury, VT.
Buyer and seller are both experienced hotel owners, owning several hotels throughout New England. The Fairbanks Inn sold in September for an undisclosed amount. Shane Vahey, NEHR’s Director of Real Estate Business Development, represented the seller in the transaction.
NEHR, the acknowledged hospitality real estate advisory and brokerage leader in the Northeast for 40 years, announces the recent sale of the Comfort Inn Seekonk-Providence located in Seekonk, MA.
NEHR’s Shane Vahey, Director of Real Estate Business Development acted as exclusive advisor to the seller — a multi hotel asset owner.
75% of hotels sold in New England in the last 3 years were purchased by a buyer with a corporate office in New England, New York or New Jersey.
This confirms that hotel brokerage is still very much hyperlocal and that buyers and sellers benefit tremendously from utilizing the services of consultants, brokers and advisors with intimate local and regional knowledge.
Future Forecasts & Franchise Brands
NEHR is the only hotel brokerage firm with access to industry-leading lodging real estate intelligence through an exclusive arrangement with Lodging Econometrics (LE).
In this issue, we bring you a supply forecast for New England for 2017/2018 and show you the transaction activity of several major brands in 2016.