2025 Year in Review: Earle Wason, Wason Associates Hospitality Real Estate Brokerage Group

Looking back at 2025, what deal, project, or key moment best reflected the direction of the New England CRE market this year? We brokered the sale of the Garrison Ascend hotel in Dover, NH. It is 68 keys and sold for $8.2 million. The new owner is elated as business has been very good. There has been a slow inventory of hotels for sale throughout New England. This hotel is two stories and does not have an elevator, some would consider negatives and for some franchises this would be unacceptable. Yet, the demand from buyers was high. Indicative of a good demand to buy with little inventory and therefore better than expected prices.

What accomplishment or milestone stood out for you or your firm in 2025? Finishing the year with eight sales to close in the next 60 days. Wow!

As you look ahead to 2026, which emerging trends or shifts will shape opportunities for you, your firm, or your market sector? I do not see a great change, continued low inventory, maybe some relief in construction costs but more likely purchases of older hotels and a remodeling program. The interest rates are very good and it does not make any sense for borrowers to wait for them to be lower.