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News:
Owners Developers & Managers
Posted: June 23, 2017
Serpone and Ring of The Hotel Exchange handle $1.1 million sale
The Hotel Exchange
West Dennis, MA The 38-room Guest Lodge Motel has sold for $1.1 million to the Weymouth family of David Tu. The property has a long history of success with a guest list of loyal customers that repeat stays there year after year. The property sports a full size swimming pool, an owner’s apartment and a breakfast area.
Dennis Serpone, president of The Hotel Exchange listed the property and Beverly Ring, vice president of the same company, solicited the buyer. Parents of the buyer own and operate two other well-known motels in Dennis and West Yarmouth.
The Hotel Exchange is a division of parent company, the National Restaurant Exchange, that recently celebrated its 37th year of restaurant and hospitality brokerage and consultancy.
The Hotel Exchange is a proud sponsor of the Hope Music Festival to be held at the Melody Tent in August for the benefit of Cape Cod Health Care.
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