Joe Cardillo of Wason Associates Closes Two Sales
Posted on March 12th, 2011 by Joe Cardillo
The New London Inn, situated in the heart of the idyllic New England town of New London, has 24 rooms, a tavern and dining room, and a double-decker porch with mountain views. The building originated in 1792 and has changed ownership several times in the last 75 years. The new owners from New London Hospitality Holdings LLC, Dan Wolf and restaurateur Jerod Rockwell, are planning a major capital improvement program which will include the complete renovation of all rooms in the Inn. Rockwell is also the owner of the restaurant adjacent to the Inn.
The property at 116-121 Key Road in Keene consisted of a two acre site and a four story partially completed hotel which the buyer will demolish, per requirement by the city of Keene. The property is to be a future development site, and the transaction was executed swiftly since Wason had prompt communication with the buyers and the ability to craft a selling agreement in quick time.
“We are very pleased that Joe was able to successfully negotiate these two complicated transactions in a way that was beneficial for both the buyer and the seller,” states Earle Wason, President of Wason Associates. “In these challenging economic times, the associates within our group will continue to offer real value to our clients and customers through services that take advantage of our specialized skills, knowledge, and experience.”
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 25 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 or call 603-766-4982.
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.
One New Hampshire Ave, Suite 125
Portsmouth, NH 03801