Landmark Inn, Laconia, NH
Sold on 09/23/2016
Wason Associates Hospitality Real Estate Brokerage Group is pleased to announce that they have successfully negotiated the sale of The Landmark Inn located at 480 Main Street, Laconia, New Hampshire. The sale was finalized on September 23, 2016.
The 100-room hotel is situated in downtown Laconia, NH and is within minutes of several area attractions, including: Opechee Park Beach, Lake Winnipesauke, (New Hampshire’s largest lake) and the Gunstock Ski area. Visitors will also Laconia’s many popular annual events like Laconia Motorcycle Week and the Loudon NASCAR Races. The facility will undergo immediate renovations to its lobby, indoor pool, and restaurant.
The Landmark Inn was sold by Invest Hotel Properties Inc. to the Ram Landmark Inn Trust, which includes members Mike and Ragi Patel who will be taking over the operation of the property. The Patels also own and operate other hotels in the region, including the Econo Lodge Inn & Suites in Tilton, NH.
“It was a pleasure to facilitate the successful transfer of the Landmark Inn to its new owners,” states Joseph Cardillo, Broker Associate at Wason Associates. “We wish all the best to Mike and Ragi, a couple who will surely be a great addition to the city of Laconia.”