Giri Hotel Management LLC Acquires Two Hotels In White River Junction For $19M

The $19 million sale of two hotel properties, Holiday Inn Express & Suites and White River Inn & Suites in White River Junction, VT, was brokered by CBRE. The properties are located at 121 Ballardvale Drive and 91 Ballardvale Drive. The transaction involved Giri Hotel Management LLC acquiring the hotels from Larkin Family Partnership.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $19,000,000
• Address: 121 Ballardvale Drive & 91 Ballardvale Drive
• Market: White River Junction, VT
• Buyer: Giri Hotel Management LLC
• Brokers: Dave McElroy, Scott Hutchinson & Tyler Black - CBRE

CBRE played a pivotal role in facilitating the transaction between Giri Hotel Management LLC and Larkin Family Partnership. The brokers involved in the deal were Dave McElroy, Scott Hutchinson, and Tyler Black from CBRE, showcasing their expertise and proficiency in handling significant commercial real estate transactions.