Manchester, NH

Investment Partner
The Roedel Companies

Hotel Manager
RGH Hospitality, LLC

Project Type
Hotel and Conference Center

Acquisition Date
2010

Project Overview

Alta purchased an existing well-located hotel property that was scheduled for foreclosure. The property is located just off of exit 6 on Interstate 293 in the heart of downtown Manchester. After assembling a team of hotel experts, we undertook a major renovation and addition—moving the front entrance to the opposite side of the building and constructing a new lobby and elevator.

Prior to the renovation and repositioning, the hotel was running at less than 15% occupancy. Within one year of operations, the hotel was running at 100% RevPar Index with an occupancy rate of over 65%. The property is adjacent to our one-story conference center, The Falls Event Center.

This investment offered an opportunity to acquire a well-located hotel where the prior owner lacked the capital needed to keep the property updated and competitive.

Awards
Certificate of Excellence by Trip Advisor
Finalist for 2012 “Renovation of the Year” by La Quinta Hotels