The Landmark Inn - Laconia, NHLaconia, NH Wason Associates Hospitality Real Estate Brokerage Group (Wason Associates) has negotiated the sale of The Landmark Inn located at 480 Main St. for an undisclosed price.
The 100-room hotel is situated in downtown and is within minutes of several area attractions, including Opechee Park Beach, Lake Winnipesauke, and the Gunstock Ski area. Visitors will also be near many of Laconia’s popular annual events such as Laconia Motorcycle Week and the Louden NASCAR races. The facility will undergo immediate renovations to its lobby, indoor pool, and restaurant.
The Landmark Inn was sold by Invest Hotel Properties, Inc. to the Ram Landmark Inn Trust, which includes members Mike and Ragi Patel who will be taking over the operation of the property. The buyers also own and operate other hotels in the region, including the Econo Lodge Inn & Suites in Tilton, N.H.
“It was a pleasure to facilitate the successful transfer of the Landmark Inn to its new owners,” said Joseph Cardillo, broker associate at Wason Associates. “We wish all the best to Mike and Ragi, a couple who will surely be a great addition to the city of Laconia.”
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