| Name |
Hampton Inn Portsmouth |
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| Location |
Portsmouth, New Hampshire (map) |
| Number of Rooms |
126 |
| Asking Price |
$13,650,000 |
| Price/Room |
$108,333 |
| Ownership |
Fee Simple |
| Investment Highlights |
Fee simple ownership
Existing franchise agreement with Hilton through 2022Excellent location near historic waterfront and business district within close proximity to demand generators
Upside potential
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| Property Overview |
The Hampton Inn is located less than one mile northeast of the Pease International Tradeport - a 3,000-acre business and aviation industrial park, formerly the Portsmouth Air Force Base. The Pease International Tradeport is a prospering business and aviation industrial community, with 250,000 square feet of availble world-class office and industrial space providing the opportunity for on-site expansion capabilities. Pease benefits from New Hampshire's tax advantages - no New Hampshire personal income, sales, inventory, capital gains, personal property, machinery, or equipment tax. The Hampton Inn benefits from diverse demand generators that include corporate, government, and leisure segments with no one category severely outweighing another. The Hampton Inn is just under 4 miles from Kittery Outlet Malls with over 120 stores. Known as the shopping capital of southern Maine, the outlet mall stretches over one mile on Route 1 North. Additionally, the Hampton Inn is adjacent to a "big box" retail center currently being redeveloped into a Bed Bath & Beyond and Christmas Tree Shop. The property's location enables it to capitalize on both corporate travelers and leisure guests.
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