Financing arranged for two boutique hotels in Nantucket

Amy Horsfield By Amy Horsfield
26 March 2019 | Updated 26 March 2019

US: Holliday Fenoglio Fowler has announced that it has acquired financing for The Veranda House Hotel Collection, two adjacent boutique hotel in Nantucket, Massachusetts.

Holliday Fenoglio Fowler (HFF) represented the private sellers in the sale of the properties to affiliates of Procaccianti Companies. 

The Veranda House and Chapman House are located at 3 Step Lane in Nantucket's downtown. 

Veranda House, which was built in 1684 and most recently renovated in 2007, offers 18 guest rooms and a continental breakfast daily.

Additional amenities include personal verandas, evening turndown service, beach amenities, complimentary Wi-Fi, and concierge services. 

Originally built in 1830, Chapman House features 11 guest rooms renovated in 2012.  Chapman House also offers continental breakfast daily as well as concierge services, beach amenities and complimentary Wi-Fi.

The HFF investment advisory team representing the seller included managing director Denny Meikleham, senior director Alan Suzuki and director Matthew Enright.

HFF's debt placement team representing the borrower consisted of senior managing director Lauren O'Neil and director Martha Nay.

Procaccianti Companies is nationally ranked, fully-integrated alternative asset manager with a national platform having owned, developed, managed or financed investment real estate in more than 130 cities across 31 states coast to coast.

Pre-approved by all the leading global hotel brands, TPG Hotels & Resorts is an operator of hospitality assets across all chain scales with an historical portfolio of over 160 branded, independent and boutique hotels comprising nearly 30,000 guestrooms in 31 states.

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