Hotel Downstreet

Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to offer, on an exclusive basis, the fee simple interest in the 90-key Hotel Downstreet ("Hotel" or "Property"), a soft-branded member of the Ascend Hotel Collection located in North Adams, Massachusetts. The offering represents a rare opportunity to acquire a fully-renovated, cash-flowing asset with a premier Main Street location and a flexible franchise affiliation.

The Property recently underwent a transformative $3.5 million ($38,600 per key) renovation, positioning it as a top-tier asset in the market and minimizing near-term capital needs. As the only hotel on North Adams' Main Street, it boasts an irreplaceable, walkable location just steps from the world-renowned MASS MoCA.

The Hotel operates under a uniquely structured agreement with the Ascend Hotel Collection that offers the benefits of a global distribution system while providing an owner with maximum flexibility.