Bayside Resort Hotel sells in Cape Cod
JLL’s Hotels & Hospitality group arranged the sale of the 128-key hotel
BOSTON, Nov. 27, 2023 – JLL’s Hotels & Hospitality group announced today that it arranged the sale of Bayside Resort Hotel, a 128-room hotel located on Cape Cod in West Yarmouth, Massachusetts.
JLL worked on behalf of the seller in the sale to Bayside Yarmouth LLC. The hotel will be managed by Jamsan Hotel Management.
Set on 3.95 acres, Bayside Resort Hotel features amenities including an indoor and outdoor pool, fitness center, family fun center and over 2,300-square-feet of meeting space.
Situated at 225 MA-28, the hotel is less than two miles east of Hyannis, 63 miles south of Boston and 80 miles east of Providence, RI. West Yarmouth is one of the first stops on Cape Cod travelers pass through when visiting the top leisure destination. West Yarmouth is a census designated place (CDP) in the town of Yarmouth in Barnstable County, Massachusetts. It unites the three villages of West Yarmouth, Yarmouth Port and South Yarmouth to form the second-oldest town on the Cape. It is a history-rich area with iconic landmarks, museums, local restaurants, sandy beaches and family-friendly attractions.
The JLL Capital Markets Investment Sales and Advisory team was led by Managing Director Alan Suzuki, Senior Director Matthew Enright and Analyst Emily Zhang.
“We are honored to have represented ownership on this well-maintained, strong-performing asset on Cape Cod overlooking Lewis Bay,” said Suzuki.
JLL’s Hotels & Hospitality Group has completed more transactions than any other hotels and hospitality real estate advisor over the last five years, totalling $83 billion worldwide. The group’s 370-strong global team in over 20 countries also closed more than 7,350 advisory, valuation and asset management assignments. Our hotel valuation, brokerage, asset management and consultancy services have helped more hotel investors, owners and operators achieve high returns on their assets than any other real estate advisor in the world.
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About Jamsan Hotel Management
Jamsan is a mid-sized New England based hotel & asset management company, which is recognized by its investors, franchisers and clients as quality intensive. Jamsan owns & manages a wide variety of properties in the North East United States. Jamsan works with all the leading national brands such as Hilton, Marriott International, Hyatt Hotels Choice Hotels, Best Western International and Intercontinental Hotel Group to provide a unique lodging solution for the greater New England region. Jamsan’s expertise includes development, third party hotel operations, hotels sales and marketing, advertising & asset management.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 106,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.