|
Londregan Commercial and MG Commercial broker $6.3m sale of Ramada Inn The buyer, PEHI, a limited partnership, was represented by James Redding, Esquire and Dominic DelMonico. The seller, PNN Enterprises, Inc., was represented by Martin Clayman, Esquire of Clayman, Markowitz, Pinny & Boram, LLC of Bloomfield and Timothy Londregan of Londregan Commercial Real Estate Group of Old Saybrook. The sales price was $6.3 million. Financing for the transaction was provided by Glastonbury Bank and Trust. The buyer plans an extensive multi-million dollar renovation to the property in its conversion to be known as the Hartford Sheraton. Londregan Commercial Real Estate Group is a full service brokerage firm located in Old Saybrook, Connecticut. While specializing in the retail and fast food site selection niches, Londregan Commercial is highly sought after for its marketing and closing abilities in all areas of commercial real estate. Retail and restaurant land sites, investment properties of all types, hotel and motel sites have also been an integral part of the firm's activity. For more information please visit www.londregan.com. |
