Hampton Inn Waterville - Waterville, MEFreeport, ME Holliday Fenoglio Fowler, L.P. (HFF) has closed the $16.933 million sale of the Hampton Inn Freeport and the Hampton Inn Waterville, two hotels totaling 158 rooms in Freeport and Waterville.
HFF marketed the hotels on behalf of the seller, The Vickery Company, LLC. GL Rogers & Company through Pendleton Point LLC purchased the assets and has retained Maine Course Hospitality Group for the management of both hotel locations.
The Hampton Inn Freeport is located at 194 Lower Main St., adjacent to I-295, about 16 miles north of Portland. Freeport is home to L.L. Bean’s flagship store and its town center is a popular outlet area for tourists and residents alike. Completed in 1999, the hotel features 77 guest rooms with 312 s/f of function space as well as a business center, fitness room, indoor pool and complimentary breakfast for guests.
Located 76 miles north of Portland, the Hampton Inn Waterville is positioned off of Exit 127 from I-95. Situated at 425 Kennedy Memorial Dr., the hotel is within close proximity to local demand drivers, Colby College and Thomas College. The 81-room property was completed in 2001 and features 1,850 s/f of function space.
The HFF investment sales team representing the seller was led by managing director Denny Meikleham and director Alan Suzuki.