JLL’s Hotels & Hospitality Group represented an unknown seller in the sale of the Clarion Hotel Airport, a 149-room full-service hotel in Portland, Maine. Other terms and conditions were not disclosed. The hotel will be managed by Jamsan Hotel Management for the new ownership group.
Originally opened in 1974, The Clarion Hotel Airport has approximately 7,000 square feet of flexible meeting space, making it an ideal venue for conferences and events in the Portland market. The property boasts comprehensive amenities including an on-site restaurant, complimentary airport shuttle service, an indoor heated swimming pool, fitness center and business center.
Its location provides convenient access to Portland's key attractions, including the Cross Insurance Arena and Portland Museum of Art, as well as the city's vibrant dining scene and business districts. The hotel serves diverse traveler segments, including business travelers, tourists and conference attendees.
The JLL Hotels & Hospitality team was led by Managing Director Alan Suzuki.
“The Clarion Hotel acquisition presented a rare value-add opportunity in Portland, Maine’s coveted lodging market,” Suzuki said in a statement.
JLL’s Hotels & Hospitality Group has completed more transactions than any other hotels and hospitality real estate advisor over the last five years, totaling $83 billion worldwide. The group’s 370-strong global team in over 20 countries also closed more than 7,350 advisory, valuation and asset management assignments. Our hotel valuation, brokerage, asset management and consultancy services have helped more hotel investors, owners and operators achieve high returns on their assets than any other real estate advisor in the world.