617-912-7030
700 Elm St, Manchester, NH for Sale
Hospitality - FOR SALE
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700 Elm St
Manchester, NH 03101
Downtown Manchester


HIGHLIGHTS

  • Top Quality Lodging Product In Excellent Physical Condition
  • Hilton's Best-in Class Reservation System Producing Extensive Rewards Demand
  • 1,000-Space Connected Parking Garage
  • Location Situated Along the Interstate 93 Corridor Connecting the Greater Boston Metroplex to Upstate New England
  • Strong and Diverse Mix of Leisure, Healthcare, University, Corporate, and Political Demand Generators
  • Nearly 60,000-SF of Meeting Space Allows for a Meaningful Group Rooms and Banquet Component

OVERVIEW

CBRE Hotels as the exclusive advisor is pleased to present the opportunity to acquire the fee-simple interest in the 248-key DoubleTree by Hilton Manchester Downtown and the 1,000-space Center of New Hampshire Parking Garage (collectively, the “Properties” or “Assets”). Located directly across from the Southern New Hampshire University Arena (“SNHU Arena”) on a combined 7 acres, the connected Properties command a dominant, irreplaceable position as Downtown Manchester’s only full-service hotel and largest parking garage, while offering the closest lodging and parking access to the SNHU Arena. Manchester is a strong and sought-after lodging investment market in New England, a magnet for year-round leisure and corporate demand. Forbes has named the city among the top five educated cities in the United States. The market produces a broad and complimentary pattern of lodging demand, generated by drive-to leisure, corporate, university, and healthcare.  Given its nearly 60,000 SF of meeting and event spaces, the DoubleTree can manufacture its own group business to augment the market’s strength.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF ROOMS

248

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

DoubleTree by Hilton & Parking Garage

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

12

ROOM ENTRANCE

Interior

BUILDING CLASS

A

YEAR BUILT

1983

PARKING SPACES

1000

LAND DETAILS

LAND ACRES

2.38 AC

LAND SF

103,673 SF

ZONING

-

APN/PARCEL ID

MNCH-000150-000000-000001

ASK ABOUT THIS PROPERTY

David McElroyCBRE Inc.More Info
617-912-7030

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David McElroyCBRE Inc.More Info
617-912-7030

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.