1 Fortune Blvd - Hospitality FOR SALE
Milford, MA 01757 |
312-402-2959
1 Fortune Blvd
Milford, MA 01757
HIGHLIGHTS
- Fee simple interest in the lender-owned 73-room Fairfield Inn & Suites located in Milford (Boston area), Massachusetts.
- Offered unencumbered by management and debt.
- Transferred to special servicing in November 2020, and the lender completed foreclosure in May 2022.
- 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
- Situated approximately three miles from all Milford area corporate demand, including Waters Global Headquarters, Consiglia Construction, Milton CAT
OVERVIEW
Alchemy Real Estate Advisors, in conjunction with RealINSIGHT Marketplace, is pleased to present the opportunity to acquire the Fairfield Inn & Suites in Milford, Massachusetts, a 73-room hotel located in a prime position between Boston and Providence. This asset is offered fee simple and will be available for purchase in the February 26th auction event via RealInsight Marketplace, providing an excellent opportunity to acquire a property unencumbered by brand, management and debt.
https://rimarketplace.com/auction/2343/lender-owned-fairfield-inn-suites-boston-area
FOR SALE DETAILS
BUILDING DETAILS
PROPERTY NAME
Fairfield Inn & Suites Boston Milford
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
-
STORIES
3
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
2000
PARKING SPACES
74
LAND DETAILS
LAND ACRES
1.92 AC
LAND SF
83,505 SF
ZONING
IB
APN/PARCEL ID
MILF-000028-000098-000027
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312-402-2959
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312-402-2959
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