- CBRE Hotels is marketing the Residence Inn, a strategically located hotel in Lebanon, New Hampshire, for sale.
- The property is in a diverse and lucrative submarket, providing seamless access to top-demand generators—Dartmouth College, Dartmouth-Hitchcock Medical Center, Novo Nordisk, and several high-tech companies.
The Residence Inn in Lebanon, New Hampshire, is up for sale. CBRE Hotels is marketing the 114-room extended-stay hotel. It is conveniently located near Interstates 89 and 91, just 2 miles from Dartmouth College. The hotel is close to the Dartmouth-Hitchcock Medical Center and the Centerra Business Park.
The Residence Inn offers excellent facilities, including a fitness center, a state-of-the-art boardroom, a redesigned outdoor patio space, and a business center. The hotel is situated within a lucrative submarket supported by university, healthcare, technology, and leisure demand.
The hotel benefits from the region’s growth, fueled by in-migration and diverse demand generators, including healthcare, high-tech, and the Ivy League university. Its location offers guests easy access to the area’s top demand generators, such as Dartmouth College, Dartmouth-Hitchcock Medical Center, Novo Nordisk, US Corp of Engineers Cold Regions Research Laboratory, White Mountains Insurance Group, Siemens, and TomTom, among others.
The Residence Inn is also located in a dense commercial pocket in Lebanon, home to Dartmouth-Hitchcock Medical Center, Dartmouth Medical School, Novo Nordisk, and the US Corp of Engineers Cold Research Facility. The region’s education and health demand helps insulate the regional economy from economic turmoil and provides the majority of the area’s high-wage, high-skill employment opportunities.
The hotel benefits from its franchise affiliation with Residence Inn, one of the world’s most recognizable and top-performing hospitality brands. This affiliation provides Marriott with centralized marketing, booking, and rewards systems, giving the hotel access to approximately 200 million Marriott Bonvoy members.
Furthermore, the hotel is offered unencumbered by management, providing an exceptional opportunity for investors to streamline and enhance operational metrics in an extended-stay asset.
Visit CBRE for more details.
