Wason Associates negotiates the sale of the SureStay Hotel by Best Western
Posted on September 20th, 2021 by Earle Wason
(Portsmouth, NH l September 20, 2021) – Wason Associates Hospitality Real Estate Brokerage Group is pleased to announce the successful sale of the Presque Isle, Maine property, SureStay Hotel by Best Western to Sucha Dillon Estates, LLC.
Sucha Dillon Estates purchased the newly renovated 52 room, 7 apartment property on July 9, 2021. Jim Doucette and Earle Wason were the brokers for Wason Associates that represented the seller and presented the property.
The SureStay Hotel sits on 15.4 acres of land and is conveniently located beside the University of Maine in Presque Isle, Maine. Surrounded by shops, sports venues, businesses and other education institutions like the Northern Maine Community College, guests are never far from entertainment. Situated alongside snowmobile and ATV trails, guests can enjoy Maine’s great outdoors by biking, skiing, hiking, or snowshoeing at the Nordic Heritage Center where they’re something to love in all seasons.
SureStay Hotel has gone through renovations in the last few years to join the Best Western Chain. This Best Western-branded hotel features 52 clean, spacious rooms with some suite-style rooms that include kitchenettes and 7 apartments for extended stays.
“Due to its renovations, SureStay Hotel has been performing very well in its market, and I am pleased that we could structure its successful transfer,” says Earle Wason, President of Wason Associates. “The SureStay Hotel is ideally situated for visitors looking for the best value in Presque Isle, as well as the nature-lover looking to explore in any season. At Wason Associates, we are proud of transactions such as these that clearly benefit both parties.”
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.
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.