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O’Connell Hospitality Group merges with HREC

Press Release – O’Connell HREC Merge

Northeast hotel transaction volume slows – A good time to hold hands with your lender

Wall Street analysts have hit the publicly traded hotel companies pretty hard in the last six months, effectively taking the REITs out of the acquisitions market. A ripple effect through the investment side of the industry has caused a pause in the rapid pace of transaction volume. The best buyers that were paying the highestRead More

Put your head down and keep pulling! The Boston hotel industry peak is nowhere in sight!

Like those scullers on the Charles River, put your head down and keep pulling! The finish line is nowhere in sight! Trying to determine where it is only costs you time. And time is money! Row like you’re chained to an oar in a Roman galleon! Let’s go! Keep pulling! Where’s the peak? It’s tooRead More

Hotel investors rejoice! Summer is coming and we are in the absolutely perfect spot in the cycle.

Everything possible indicator is pointing to good times ahead. For those with existing hotel investments,downtown, suburban, seasonal resort,full services, select service, branded,independent, even youth hostels, heck,the guy with the Pup Tent on Boston Common, occupancies will be up, over 5% form 2015 and average daily rates will be well over 5%. A 10% increase inRead More

OHG Sells Holiday Inn Express at UNH Durham, NH

O’Connell Hospitality Group sells 68-Room Holiday Inn Express  at UNH Durham, NH for $5,450,000.00 Boston, MA: Jim O’Connell, John Siska and Peter Dolan of O’Connell Hospitality Group, LLC represented Olympia Companies, the owners of the Holiday Inn Express, Durham/UNH and introduced the Buyers, Jamsan Hotel Group, to the project. The 68 room hotel is locatedRead More

OHG SELLS SHERATON COLONIAL HOTEL & CONFERENCE CENTER

Wakefield, MA – O’Connell Hospitality Group sells 280-Room Sheraton Colonial Hotel & Conference Center Jim O’Connell and Peter Dolan of O’Connell Hospitality Group represented the owners, Redus Wakefield, LLC, in the marketing and sale of the 280 room Sheraton Colonial Wakefield, MA and the 55,000 square foot Boston Sports Club to Jamsan Hotel Management ofRead More

Hotel lenders are lending but how deep is their knowledge of the credit?

Two in Chelsea, two in Somerville, six in the Waterfront District including a 1,200 – 1,500 room headquarters hotel. Three in Burlington, two in Cambridge, two in Revere plus a casino. How many rooms in Everett? Two in Gloucester, one in Littleton, two in Worcester, two in Portsmouth, two in Nashua, two in Burlington, fourRead More

OHG Sells Hampton Inn & Conference Burlington VT

Burlington, VT – O’Connell Hospitality Group sold Hampton Inn & Conference Center Jim O’Connell, principal and John Siska, Sr., managing director of O’Connell Hospitality Group, LLC represented Burlington Hotel Investment Group, LLC, the owners of the Hampton Inn & Conference Center, and introduced the buyers, Burlington Hotel Opco, LLC to the project. The Lighthouse RestaurantRead More

OHG Sells Westford Regency Hotel & Conference Center

O’Connell Hospitality Group sells Westford Regency Hotel & Conference Center for $10.5 million Westford, MA O’Connell Hospitality Group (OHG) recently sold the Westford Regency Hotel & Conference Center for $10.5 million. Jim O’Connell and John Siska of OHG represented Westford Regency, LLC the owners of the Westford Regency Hotel & Conference Center and introduced the buyers,Read More

OHG Sells Hotel Portfolio for Fine Hotel Corp.

O’Connell Hospitality Group Sells $100 Million Hotel Portfolio for Fine Hotel Corp. O’Connell Hospitality Group, LLC (“OHG”) represented the owner, Fine Hotel Corp. of Wellesley, MA, in the sale of their portfolio of five hotels. Jim O’Connell, Principal and Tom Foley, Sr. Managing Director of OHG, managed the marketing campaign of the assets and procuredRead More