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US Hotels Group Acquires Two Properties from The Carlyle Group
9/17/2012
KENNEBUNKPORT, Maine—Maine‐based US Hotels announced the acquisition from the Carlyle Group of two boutique hotels to add to its portfolio across the Northeast of the United States. The new properties are: The Orchards in Williamstown, Mass. and The Centennial in Concord, NH. These join US Hotels' existing portfolio of owned and managed properties in New England, which include the White Barn Inn and Spa in Kennebunk, Maine.
The Orchards is a 49-room hotel which features 3,100 square feet of event and meeting halls, an award-winning steakhouse, and numerous amenities. The Centennial Hotel features conference and private event space, as well as a highly-lauded dining experience at Granite Restaurant and Bar.
In an announcement, Paul Hanley, CEO of the Group, sees the acquisition as part of the company's overall strategy to grow and expand not only in New England but throughout North America. Hanley stated: "We are thrilled to be adding these distinctive properties 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." READER COMMENTS
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