JLL Represents JNR in 100-Key Fairfield Inn Raynham TradeNovember 01, 2023
Middleborough — The JLL Hotels & Hospitality Group arranged the trade of the 100-key Fairfield Inn & Suites Raynham Middleborough/Plymouth in late October. The JLL team completed the assignment on behalf of the seller, JNR, in the transaction.
The Fairfield Inn & Suites by Marriott sits on 2.45 acres and features amenities such as a business center, fitness center, and lobby market. The hotel underwent a $3.3 million ($33,000 per key) renovation that was completed in Q2 2018, making the current hotel condition excellent.
The JLL team was led by Managing Director Alan Suzuki, Senior Director Matthew Enright and Analyst Emily Zhang.
Located at 4 Chalet Road, 38 miles south of downtown Boston, the Fairfield Inn & Suites is strategically situated at the confluence of Interstate 495 and Route 44, giving it seamless access to the area’s outer loop in direct line to Providence. Additionally, the property is five miles from the Route 24 interchange providing direct access to Metro Boston and the inner Interstate 95/Route 128 loop. The town is also a convenient stopping point for travelers headed to Plymouth, Taunton and Bridgewater. Additionally, the hotel is four miles from the Commuter Rail, providing guests with convenient transportation to Boston, Braintree and other nearby destinations.
JLL’s Hotels & Hospitality Group has completed more transactions than any other hotels and hospitality real estate advisor over the last five years, totalling $83 billion worldwide. The group’s 370 global teams in over 20 countries also closed more than 7,350 advisory, valuation and asset management assignments.