Hilton Garden Inn Changes Hands in Maine
- Mar 06, 2018
AAM 15 Management LLC has purchased the 99-key Hilton Garden Inn Freeport Downtown from Dover Properties LLC in a deal facilitated by HFF. According to public records, the former owner purchased the property in 2004 for $2.2 million.
The three-story hospitality asset is located at 5 Park St. in Freeport, Maine, adjacent to the Memorial Park site. Its proximity to State Road 1 and Interstate 295 offers easy access to downtown Portland, which is less than a 20-minute drive away. The hotel is situated next to the Freeport Shopping Village, a large-scale retail, entertainment and dining center.
The property includes the Hilton Garden Inn, built in 2005, along with an older, light-industrial, wood-frame structure dating back to 1900. The select-service asset features:
- 7,500 square feet of meeting space
- garden grill & bar
- fitness center
- indoor pool
- hot tub
- guest laundry
- car charging stations
HFF’s investment advisory team, led by Managing Director Denny Meikleham, Senior Director Alan Suzuki and Director Matthew Enright, represented the seller.
Image courtesy of HFF