Updated Jun 18, 2026
Bruce A. Percelay Of Mount Vernon Company Acquires North Conway Grand Hotel For $44M
72 Common Court
$44,000,000
Building Size
—
Asset Type
Hotel
Closing
Jun 16, 2026
About this deal
AI
The North Conway Grand Hotel, a resort built in 1989, is located at 72 Common Court in North Conway, NH. The asset features 200 keys and includes an array of amenities such as pools, spa facilities, fitness areas, and 14,000 square feet of event space. Mount Vernon Company acquired the hotel for a total of $44 million, equating to $220,000 per room.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $44,000,000
- Address: 72 Common Court
- Market: North Conway, NH
- Keys: 200
- Price per Key: $220,000
Bruce A. Percelay of Mount Vernon Company was the buyer in this transaction, representing the company in the deal for the purchase of the hotel.
On the Map
$44,000,000
Hotel
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93