Linchris Hotel Corporation Purchases Cape Codder Resort & Spa in Hyannis
Linchris Hotel Corporation has acquired the Cape Codder Resort & Spa a 266-key hotel on Cape Cod in Hyannis, MA. The hotel was offered unencumbered by brand and management
Alan Suzuki and Matthew Enright of JLL represented the seller, Catania Hospitality Group. Greg LaBine and Amy Lousararian of JLL secured acquisition financing with HarborOne Bank on behalf of Linchris Hotel Corporation, a Plymouth, MA-based hotel investment and management firm.
“The competitive financing process shows that there is still ample liquidity in the local banking market for well-located assets like the Cape Codder,” said Lousararian.
Cape Codder Resort & Spa amenities include 18,000 square feet of meeting and event space, a waterpark, fitness center, on-site spa, seasonal indoor/outdoor swimming pools, pickleball court, internal courtyard, four food and beverage outlets and a gift shop.
Hyannis is the largest of the seven villages of Barnstable County and a key tourism destination on Cape Cod for residents of Boston, Providence and beyond.
- ◦Sale/Acquisition