O’Connell Hospitality Group Sells Landmark Wolfeboro Inn

$7,800,000
September 4,2007

 

 

Boston, MA: September 4, 2007 – James F. O’Connell, Principal and Daniel J. Mahoney Managing Director of OHG represented the owners, Vans LLC in the sale of the full service Lake Winnipesaukee landmark “The Wolfeboro Inn”.

The 44-room waterfront boutique inn was acquired by HC LLC for $7,800,000 ($177,272) per room in August of 2007. Included in the sale were the Inn, the historic 150 seat Wolf’s Tavern restaurant and the 65 foot 150-passenger “Winnipesaukee Belle” replica paddle wheel cruise boat.

Wolfeboro, known as the “Oldest summer resort in America” is located on the eastern shore of Lake Winnipesaukee in central New Hampshire.

O’Connell Hospitality Group, LLC is a full service real estate company providing brokerage, finance and consulting services to the hospitality industry. It represents public companies, financial institutions, equity funds and private individuals across the United States with offices in Boston, Dallas and San Diego. For additional company information please visit www.oconnellhospitality.com or call (978) 777.8898.