Blakely of TRB & Associates brokers $3 million hotel sale
TRB & Associates represented the buyer and has brokered the sale of the 108-room Plymouth Bay Inn & Suites located at 149 Main St. for $3 million. NAI/Hunneman Commercial was the exclusive agent for the seller.
Thomas Blakely, CCIM and president of TRB & Associates, Inc., procured and represented the buyer, Payal Hotel LLC in the transaction.
"TRB & Associates, Inc., is extremely pleased to have represented the buyer in this transaction. It is always a pleasure to provide commercial real estate brokerage services to high quality clients" said Blakely.
Lee, NH William Peck of Horvath & Tremblay has facilitated the sale of two multi-family transactions totaling $7.145 million. The Mast Road Portfolio, a 30-unit multi-family portfolio, sold for $5.12 million and 72 Oak St.
Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.
This may seem self-serving, and I’ll be the first to admit it. But unlike some of the artificial intelligence tools now reshaping our industry, I am fully aware of my own bias. So, hear me out. The rise of AI in commercial real estate is not a distant threat or a speculative headline.