Wason Associates negotiates the sale of the Sunapee Lake Lodge
Posted on August 10th, 2021 by Earle Wason
(Portsmouth, NH l August 10, 2021) – Wason Associates Hospitality Real Estate Brokerage Group is pleased to announce the successful sale of the Sunapee Lake Lodge to Lark Hotels, an Amesbury, Massachusetts-based developer, and operator.
Larks Hotel purchased the property and will brand it as part of their “Bluebird by Lark” portfolio. The property closed on June 8, 2021. Joe Cardillo was the broker for Wason Associates that represented the seller and presented the property.
The Sunapee Lake Lodge is situated in the beautiful Lake Sunapee region, a hidden gem that provides that perfect escape for New England residents. Centrally located at Mt. Sunapee on Route 103 in Newbury, New Hampshire, the Sunapee Lodge is located at the entrance of Vail Resorts’ Mount Sunapee ski resort and just a few minutes from the State Park Beach on Lake Sunapee.
Joe Cardillo of Wason Associates Hospitality Real Estate Brokerage Group worked with the sellers and buyers to negotiate the transfer of this property.
Lark is in full swing with operations and plans to close down the hotel later this year for a full renovation and will be relaunched as a Bluebird Property by Lark. Bluebird by Lark draws inspiration from the great American tradition of hitting the open road with the wind in your hair and the unexpected unfurling before you. Think of Bluebird as the friend who discovered the coolest new place and can’t wait to show you around. A place where adventurers of all stripes gather around the fire to tell stories from the road. These hotels are for the adventurous, and many more Bluebird branded hotels are planned
“The market potential of this property is huge, and I am pleased that we could structure its successful transfer,” says Earle Wason, the President of Wason Associates. “The Sunapee Lake Lodge is ideally situated for visitors looking for the charm of a New England retreat, as well as the nature-lover looking to explore New Hampshire’s landscape. 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.