(South Portland, ME | January 10, 2022) Wason Associates Hospitality Real Estate Brokerage Group is pleased to announce the successful sale of the Hampton Inn located in South Portland, Maine to the Tolley Group. The Tolley Group purchased this 117-unit Inn on November 17, 2021. Joe Cardillo and Earle Wason represented the seller and presented the property.
At the junction of interstates 95 and 295, the Hampton Inn serves as lodging for visitors in the South Portland area. For years the Hampton Inn has been noted as one of the largest hotel franchises in the world with over 2,500 properties and more than 20,000 rooms across the United States. The hotel sits in a profitable location in South Portland, offering The Maine Mall nearby restaurants to visitors within walking distance. To add to its convenient location, just six miles away visitors will find attractions such as the Old Port, the Portland Museum of Art, and Willard Beach. However, the Hampton Inn is most popular for its proximity to the Portland International Jetport, at a mere seven-minute drive away.
Although its location is an amenity in and of itself, the Hampton Inn also offers amenities such as: free hot breakfast, parking, WiFi, indoor pool, fitness center, business center, and pet-friendly rooms. When one stays at the Hampton Inn, they can be assured to receive friendly, helpful service with high-quality and consistent accommodations.
“Due to its location feel, the Hampton Inn of South Portland, Maine has performed well in the market” says Earle Wason, President of Wason Associates. “It is an ideal stay for guests or families in or out of the area who may need a place to stay before taking a trip at the Portland International Jetport or are just in town to explore the amenities that South Portland has to offer. We are very pleased to oversee transactions such as these that clearly benefit all parties involved.”
About Wason Associates
Wason Associates Hospitality Real Estate Brokerage Group 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 hospitalityrealestate.com.