Wason Associates Negotiates the Sale of Days Inn Sturbridge & the Berkshire Hills Country Inn
Posted on October 14th, 2016 by Earle Wason
PORTSMOUTH, NH – Wason Associates Hospitality Real Estate Brokerage Group (Wason Associates) is pleased to announce the successful closing and sale of two properties—The Days Inn Sturbridge in Sturbridge, MA and The Berkshire Hills Country Inn, located in Williamstown, MA.
The acquisition of The Days Inn Sturbridge by Sturbridge Investment, Inc. was finalized on June 9th, 2016 for a sales price of $2,050,000. The three-story property located just off Interstate 84 in Sturbridge, Massachusetts is within minutes of the historical Old Sturbridge Village. The transfer of the 81-room facility, and its portion of the 30.71-acre lot in which it is situated and currently shares with a Pilot Truck Stop, included the hotel’s existing franchise agreement with Days Inn, established in May 2012 for a 15-year term.
The Berkshire Hills Country Inn, situated on over two acres of land in Williamstown, MA, was bought by Ronald J. Smith for a final purchase price of $720,000. The sale closed on July, 20th, 2016. The small resort property features a 21-room guest facility as well as a three bedroom, two bath owner/property manager residence.
“We are proud to have been able to oversee the successful transfer of these two ideally-situated properties,” states Earle Wason, CCIM and President of Wason Associates. “Whenever we can use our years of real estate expertise to ensure that a sale is mutually beneficial to all parties involved, we are reminded of our commitment to the continued success and vitality of our region, and to the hospitality industry at-large.”
About Wason Associates Hospitality Real Estate Brokerage Group
Wason Associates is a highly-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.
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.