Mayflower Inn & Spa in CT Gets New Ownership
Thursday August 8th, 2013 - 11:34AM HS
| | | | | | | | | | |
These are shortcuts to your favorite social networking and bookmark sites. Add this story to your Facebook page, del.icio.us, DiggIt, and many others!
WASHINGTON, CT—CBRE Hotels announced the recapitalization of the Mayflower Inn & Spa here.
The company represented an affiliate of Three Wall Capital LLC and the U.S.-based arm of international luxury boutique hotel group, Grace Hotels, to recapitalize the property.
Bradley Burwell, VP, CBRE, represented Three Wall Capital, the existing owner, while Mark Fisher, SVP, and associate Elizabeth Fritz of CBRE's Debt & Equity Finance team, represented Grace Hotels.
Burwell noted in a statement, "Three Wall has been an amazing custodian for the asset, successfully transitioning and improving its operations over the last two years; we were happy to assist them with completing their business plan and pass it on to the next owner. Grace Hotels is the perfect home for The Mayflower."
Tags: • Hospitality • Ownership • Sources of Funding •
The theme of this year’s ALIS conference was “Don’t Worry, Be Happy.” But, lets face it, there are always going to be some people who aren’t happy unless they are worried about something—whether it’s the Fed potentially raising interest rates or that the price of oil is now too low, threatening to cripple the economies of some foreign nations.