Forest Glen Inn is the latest added to the Garg Family Properties
Posted on January 8th, 2018 by Earle Wason
PORTSMOUTH, NH – Earle Wason, CCIM (Wason Associates) and Jim Doucette (Jim Doucette Real Estate) cooperated in the sale of the Forest Glen Inn, North Conway earlier this year to the Garg Family.
Situated at the end of a quiet road in the Mt. Washington Valley of New Hampshire, the unique 30-room property offers both standard one-room guestrooms as well as two-bedroom suites with picturesque views of the area’s famous White Mountains. The interior corridor-style hotel also boasts a cozy lounge area, 2 swimming pools, an exercise room, and a tennis court. Just south of North Conway Village, the inn is part of one of the Northeast’s most thriving resort communities.
The transaction between Forest Glen Inn Association, Inc. and The Garg Family under the management group New England Hotels Group presented a unique challenge, which required 100% of the property’s 1,000+ timeshare owners to agree to the transaction prior to the final sale,” Earle stated: “I am pleased that Jim and I were able to work together again to reach a mutually beneficial agreement that finalized a successful transfer of the Forest Glen Inn to The Garg Family.” The property has undergone a well planned capital improvement plan since the purchase and is now one of the many successful hotel operations within the Mt Washington Valley.
New England Hotels Group was represented by Jim Doucette of Jim Doucette Real Estate. The Garg Family also owns two other properties in the region, including the 70-room Merrill Farm Resort in Conway, the sale of which was also handled by Earle Wason of Wason Associates, and Jim Doucette Real Estate.
About Wason Associates Hospitality Real Estate Brokerage Group
Wason Associates is a respected New England-based brokerage firm comprised of professionals who bring a unique combination of financial, banking, and real estate expertise to each transaction. President, Earle Wason, CCIM has over 30 years of experience in the hospitality real estate market. Offering advisory services to both buyers and sellers, Wason Associates provides a strategic, client-centric approach to problem-solving, financial advising, and transaction execution. For more information on Wason Associates, visit www.hospitalityrealestate.com.
Jim Doucette, Principal of Jim Doucette Real Estate, has 30 years of real estate service in New Hampshire and Western Maine. He provides clients with strategic advice in acquisition and disposition in a wide range of product types from hospitality to convenience stores, land parcels and unique residential properties.
For more information on Jim Doucette Real Estate, visit www.jimdoucettereaestate.com
Our team welcomes you to the Wason Associates Hospitality Real Estate Brokerage Group web site. Here you will find relevant and up to date information on the market, review current transactions, learn about our services and most importantly review hotels offered for sale.