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RICH-BURLINGTON HOTEL, LLC PURCHASES DOUBLETREE HOTEL FOR $17.5 MILLION

BURLINGTON, VT. — Rich-Burlington Hotel, LLC has purchased the Doubletree Hotel in Burlington from Lodging North for $17.5 million. The 163-room hotel features 32 suites, 9,000 square feet of conference space and the 125-seat Trader Dukes restaurant. The hotel, situated off Interstate 89, will undergo a product improvement plan. Jim O’ Connell and Tom Foley of O’Connell Hospitality Group represented the seller and introduced the buyer in the transaction.

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