Alpental Capital acquired the full-service DoubleTree by Hilton Leominster, Massachusetts in late December 2023. Positioned off I-190, the DoubleTree Leominster supplies each enterprise and leisure vacationers entry to close by companies, points of interest, and out of doors recreation all through the Leominster-Fitchburg space. The resort has 187 guestrooms, practically 15,000 sq. toes of assembly area, an indoor pool and health middle, and an on-site restaurant and bar. Alpental plans to put money into property enhancements to additional the visitor expertise.
“We’re excited so as to add the DoubleTree Leominster to our rising portfolio,” stated Greg Wilson, managing associate of Alpental Capital. “This off-market acquisition aligns completely with our technique of investing in high quality, premium-branded lodges in dynamic markets with robust in-place efficiency and development potential.”
This funding is the tenth resort Alpental has bought since mid-2021, in addition to Alpental’s third DoubleTree resort and second resort positioned within the Northeast. Alpental is pursuing further growth alternatives in choose markets all through the nation.
