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DoubleTree by Hilton & Parking Garage 700 Elm St 248 Room Hotel Manchester, NH 03101 For Sale
Investment Highlights
- Top Quality Lodging Product In Excellent Physical Condition
- 1,000-Space Connected Parking Garage
- Strong and Diverse Mix of Leisure, Healthcare, University, Corporate, and Political Demand Generators
- Hilton's Best-in Class Reservation System Producing Extensive Rewards Demand
- Location Situated Along the Interstate 93 Corridor Connecting the Greater Boston Metroplex to Upstate New England
- Nearly 60,000-SF of Meeting Space Allows for a Meaningful Group Rooms and Banquet Component
Executive Summary
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.
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.
Property Facts
| Sale Type | Investment | No. Rooms | 248 |
| Property Type | Hospitality | No. Stories | 12 |
| Property Subtype | Hotel | Year Built | 1983 |
| Building Class | A | Parking Ratio | 3.87/1,000 SF |
| Lot Size | 2.38 AC | Corridor | Interior |
| Building Size | 258,600 SF | Opportunity Zone |
Yes
|
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | A |
| Lot Size | 2.38 AC |
| Building Size | 258,600 SF |
| No. Rooms | 248 |
| No. Stories | 12 |
| Year Built | 1983 |
| Parking Ratio | 3.87/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
Amenities
- Business Center
- Fitness Center
- Pool
- Restaurant
- Spa
- On-Site Retail
- On-Site Bar
- Meeting Event Space
- Wedding Venue
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 15 | $340.37 CAD | - |
| Guest Room | 233 | $258.35 CAD | - |
Very walkable
80/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | MNCH-000150-000000-000001 | Improvements Assessment | $28,024,184 CAD |
| Land Assessment | $3,249,490 CAD | Total Assessment | $31,273,674 CAD |
Property Taxes
Parcel Number
MNCH-000150-000000-000001
Land Assessment
$3,249,490 CAD
Improvements Assessment
$28,024,184 CAD
Total Assessment
$31,273,674 CAD
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DoubleTree by Hilton & Parking Garage | 700 Elm St
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