New England Hotel Realty (NEHR) is pleased to announce the sale of the 30-room, four-diamond, full service, Stonehedge Inn & Spa in Tyngsboro, Massachusetts. NEHR acted as the exclusive advisor to the seller.
The Stonehedge Inn & Spa is nestled in the scenic woodlands of Tyngsboro, MA – an upscale community approximately 35 miles north of Boston and about 5 miles from Nashua, the second largest city in New Hampshire and is nicely positioned between the large corporate demand markets of Nashua and Lowell. Because of its location and iconic charm, the Inn has a varied clientele, attracting corporate travelers, group meetings and retreats, and high-end leisure travelers for getaway weekends and wine tastings.
“We continue to see investor demand outpace the supply of quality hotels and locations available for purchase in the Northeast region,” comments Ken Ford, Vice President, New England Hotel Realty. “We are in a cyclical window in this economic climate where real estate selling conditions are excellent. Performance trends are up, financing is readily available, while interest rates still remain near historic lows. The sale of the Stonehedge Inn & Spa is just one example of today’s attractive selling environment. If investors are thinking about selling lodging assets, particularly boutique-type operations, now is an opportune time to do so.”
The Stonehedge Inn and Spa is known for having the largest wine cellar in New England and the second largest in the United States, drawing travelers from all over the country for wine tastings and for its monthly Celebration of Wine series that has been held for over 25 years. Wine is at the forefront of all the Inn’s amenities, even its spa treatments. The Spa at The Stonehedge Inn features such luxurious services as massage therapy, body polish treatments, facials and water therapy treatments, but also includes wine therapy, called Vinotherapy, where guests soak in a rich bath of a specialty selected skin care line that contains Chardonnay grapes from Burgundy and offers anti-aging and anti-oxidant properties.
The Inn’s elegant four-diamond Left Bank Restaurant offers guests a superior dining experience. Whether enjoying breakfast, brunch, lunch, tea-time or dinner, the menu selections are delectable, sourcing the highest quality local seasonal and organic products. The gourmet meals at the restaurant have received distinguished awards from many renowned organizations such as Distinguished Restaurants of North America.
“As soon as NEHR listed the property it immediately sourced its extensive roster of regional and national lodging investor groups to find the perfect buyer-type for this appealing investment opportunity. With the help of NEHR’s sister company, Lodging Econometrics, we were able to source owners of like-kind properties throughout the U.S. and market directly to them,” continued Ford. “No other hospitality broker has this capability. This enabled NEHR to find the niche buyer best suited for this unique property.”
The buyer is a global hotel investment, development and management company with operations in the United States, Europe and in South Asia. The company develops and operates its own collection of independent lifestyle luxury hotels and also offers its development and management services to developers and investors, for both independent and branded hotels. The company places special emphasis on strategic markets that have strong fundamentals but are often underserved by smaller quality boutique lifestyle assets.
The new owner plans to make significant enhancements to the Inn’s public spaces, restaurant, guestrooms and meeting spaces in order to align the property with the company’s mission to be the creator of curated lifestyle properties. They also plan to continue the tradition of the property’s extensive focus on fine wine and create a singular specialty dining experience for residents of the region.
About New England Hotel Realty
New England Hotel Realty (NEHR) of Portsmouth, NH is the highest volume full-service hotel real estate brokerage and advisory firm in the Northeast, providing comprehensive disposition, acquisition and consulting services. When thinking about selling an individual hotel or disposing of a portfolio of assets, NEHR’s team of professionals assists sellers by developing a strategic plan to bring these lodging assets to the market quickly and confidentially. When seeking to acquire hotel assets, NEHR’s real estate advisory experts can quickly identify hotels that meet an investor’s exacting specifications and begin a comprehensive market search on their behalf by first accessing its own roster of nationwide hotels available for sale.