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Boston & New England  + New England  + Hospitality  |  September 2, 2022
Contrarian Capital Management and Waramaug Hospitality sold the Fairfield Inn Boston Woburn/Burlington and the Fairfield Inn Portsmouth Seacoast.
Lisa McDuffie
By: Lisa McDuffie

Joint Venture Lets Go of Fairfield Inn Properties in Woburn, Portsmouth

A joint venture of funds managed by Contrarian Capital Management and Waramaug Hospitality have disposed of Fairfield Inn Boston Woburn/Burlington in Woburn, MA and Fairfield Inn Portsmouth Seacoast in Portsmouth, NH.

 Alan Suzuki, Matthew Enright, Emily Zhang and Miranda Guajardo of JLL represented seller in the transaction. The hotels were offered unencumbered by management.

Fairfield Inn Boston Woburn/Burlington (126 keys) and Fairfield Inn Portsmouth Seacoast (102 keys) both underwent significant renovations in 2015 and 2016. Both hotels offer a standard mix of traditional guest rooms, complimentary breakfast, a business center, fitness center, seasonal outdoor pool and sundry store.

Fairfield Inn Boston Woburn/Burlington is located 10 miles northwest of Boston and about 20 minutes from Logan International Airport. Fairfield Inn Portsmouth Seacoast is 50 miles north of Boston minutes from Pease International Tradeport, Liberty Mutual and the Portsmouth Naval Shipyard.

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About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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