AAM 15 Management, a private equity real estate investment and hotel management company, has acquired The Hilton Garden Inn Downtown Freeport, a Maine-based hotel. No financial terms were disclosed.
BURLINGTON, Mass., March 12, 2018 /PRNewswire/ — Continuing the expansion of its hotel portfolio, Burlington, MA based AAM 15 Management, LLC recently celebrated the acquisition of its 5th hotel, the Hilton Garden Inn Downtown Freeport, located minutes from I-295 in the heart of Freeport, Maine.
“We are very pleased to announce this acquisition,” commented David R. Masse, Founder and CEO of AAM 15 Management. “The hotel is a great fit for our strategic east coast growth plan. The Hilton Garden Inn Freeport is our first Hilton branded hotel as well as our first property in the state of Maine. The hotel acquisition checked all of our boxes to provide our investors, the opportunity to own a top branded hotel with excellent operating cash flow. While the hotel is in very good condition, we have an extensive property improvement renovation planned to give the hotel guest rooms and public areas a contemporary look and feel; enhancing the property value and hotel guest’s experience.”
AAM 15 Management, LLC is well known for its commitment to a culture of excellence, innovation, and hard work to ensure that all their properties deliver an exceptional guest experience; a key factor when it comes to property market share performance as well as solid financial returns to investors.
The Hilton Garden Inn features 99 guest rooms and 9 suites, restaurant, lobby bar and over 5,000 square feet of unique meeting and event space. The hotel guest amenities also include an indoor pool, a well-equipped fitness center and a beautiful patio and outdoor space. The inn is conveniently located within walking distance of LL Bean and all of the other shopping, dining and entertainment venues offered in the lively Downtown Freeport.
About AAM 15 Management, LLC
AAM 15 Management, LLC is an independent private equity real estate investment and hotel management company, specializing in acquisitions of hotel assets in core markets throughout the east coast of the United States. In addition to the Hilton Garden Inn Downtown Freeport, the company’s hotel assets include the Crowne Plaza Boston / Woburn, Residence Inn by Marriott Boston /Burlington, Residence Inn by Marriott Burlington /Colchester and the Springhill Suites Roanoke, VA.
For more information on AAM 15 Management, LLC visit www.aam15hotels.com.