Wason Associates Hospitality Real Estate Brokerage Group completed the sale of the Best Western Granite Inn, a 104 room hotel. Karen Enterprises Inc., an established New Hampshire Hotel Company, purchased the property on May 1st.
Major renovations had recently been completed to the rooms, lobby, and porte-cochere.
Coincidentally, the transaction encountered complications due to a fire that partially destroyed 50 guest rooms just 3 days after the execution of a purchase agreement. This incident provoked extensive negotiations by Wason Assoc. in order to have the sale closed by May 1st as required.