US: Maine-based US Hotels has bought the Wolfeboro Inn, in New Hampshire, from the Carlyle Group.
The 44-bedroom property, in Wolfeboro, New Hampshire, will continue to be operated by Hay Creek Hotels, with George Soderberg remaining as general manager and all management personnel remaining in place. Hay Creek Hotels will retain a 10 per cent equity interest in the hotel following the acquisition.
US Hotels is a privately-owned group of hotels and restaurants which include the White Barn Inn and Spa in Kennebunk, Maine. The company is also the owner of the Vanderbilt Grace in Newport, Rhode Island, which is managed by US Hotels’ sister company, Grace Hotels.
Paul Hanley, CEO of US Hotels, said: “We are thrilled to be adding this distinctive property to our portfolio. As a New England-based hospitality company we know and understand the market and see these acquisitions as a natural fit. We are the largest independent owner and operator of luxury inns in New England and shall continue to develop US Hotels through both acquisition and management contracts across the United States.”