Thursday August 8th, 2013 - 11:34AM
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."