Fairfield Inn Amesbury, MA

Listing Agents

Sean Banilivy
T | 516.456.7525
sbanilivy@paramountlodging.com

Mike Schlictman
T | 803.920.4173
mikes@paramountlodging.com

Detailed Information
Property Highlights

UNDER CONTRACT

  • Fee-simple interest in the institutionally-owned and third-party managed 102-room Fairfield Inn by Marriott Amesbury in suburban Boston
  • Property offered for individual sale in the September 15th Ten-X auction event as part of a larger institutional Boston area portfolio sale
  • Subject Hotel is being sold individually, however, the 126-room Fairfield Inn Tewksbury is being offered simultaneously, providing buyers the opportunity to purchase multiple assets and capitalize on strong operating synergies by owning two well-branded regional hotels serving different markets
  • Upper midscale select service asset in Boston MSA offered well below replacement cost
  • Unencumbered of debt and management with the ability to retain the Fairfield Inn brand for a new 10-year term with Marriott
  • Nominal change of ownership PIP expected with seller pre-negotiated PIP with Marriott.
  • Steel and masonry frame construction with reinforced concrete flooring
  • Revenue generating Friendly’s restaurant NNN lease in place through 8/31/2022, providing a new owner optionality in pursuing a new tenant or redevelopment of the adjacent land
  • Situated along Macy Street between Interstate-95 and Interstate-495, with more than 138,000 vehicles passing the location daily
  • Proximate to all local demand including Munters, Merson, Seabrook Station, Hampton Beach, Historic Downtown Newburyport, Plum Island, Salisbury Beach, and Amesbury Sports Park
  • Readily accessible via I-95 and equidistant to all Greater Boston and Greater Portsmouth are Demand
Location