Fairfield Inn Suites Boston Milford, MA

Highlights

• Fee simple interest in the lender-owned 73-room Fairfield Inn & Suites located in Milford (Boston area), Massachusetts
• Available for purchase in the February 26th auction event via RealInsight Marketplace
• Offered unencumbered by management and debt
• Offered unencumbered of brand, with a variety of alternative branding options available for conversion
• Transferred to special servicing in November 2020, and the lender completed foreclosure in May 2022
• Unique operational upside in transitioning the asset out of lender control and third-party management and repositioning the asset upon completion of the PIP to better penetrate the comp set
• Strong market performance with competitive set trailing-24-month RevPAR average gains of 8.5%, grossly outpacing national averages
• Prime location between Boston and Providence and readily accessible via the heavily trafficked Interstate 495, with upwards of 85,000 vehicles passing the location daily
• Situated approximately three miles from all Milford area corporate demand, including Waters Global Headquarters, Consiglia Construction, Milton CAT, Ardagh Group, Barker Steel, and Nitto Avecia
• Proximate to all broader area demand, including New England Patriots Gillette Stadium, the Boston Marathon starting line, and Dean College
• Located less than ten minutes from the 149-bed UMASS Memorial Milford Regional Medical Center, a regional healthcare destination serving more than 20 surrounding towns in Worcester, Middlesex, and Norfolk counties
• Optimal time to be investing in Worcester County amidst strong economic growth in its healthcare, manufacturing, and education sectors

Location