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.
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.
2016 Year-End Issue
NEHR is the only hotel brokerage firm with access to industry-leading lodging real estate intelligence through an exclusive partnership with Lodging Econometrics (LE).
In this issue, you will get the first look at how the hotel industry in New England performed in 2016.