AAM15 Announces the Acquisition of its Eighth Hotel

Burlington, Massachusetts – March 21, 2019

Independent private equity real estate investment and management company, AAM15 Management, LLC is pleased to announce the acquisition of the Embassy Suites Hilton of Portland, Maine.

The growth of AAM15 Management, LLC continues as the Embassy Suites of Portland, Maine is added to the hotel portfolio of successful properties. Located by the Portland Jetport, and less than ten minutes to the southern coastline and the ever-popular downtown “Old Port” waterfront district, Embassy Suites is a quick trip to Portland’s rich history, architectural beauty, eclectic boutiques, art galleries, fine dining and an emerging music scene.

David R. Masse, Founder and CEO of AAM15 Management states that he is delighted with the acquisition and finds it to be an ideal fit as AAM15 continues to grow its east coast presence from Maine to Virginia, with sights on further development and acquisitions along the east coast. As the third AAM15 Hilton branded property, Masse comments that “success has been proven in the strength of Hilton Honors and we see the Embassy Suites Portland as adding great value and returns to our investors. It is a top performing hotel in its competitive set, with a near unprecedented RevPAR Index (RGI) nearing 200. While the hotel undertook a recent renovation of its lobby space, we have an extensive property improvement plan that will give lift to the remaining public space, guest rooms, pool and fitness area and overall curb appeal, enhancing both the property value and guest experience.”

AAM15 Management is well known for its commitment to a culture of excellence, innovation, and hard work to ensure all properties deliver an exceptional guest experience; a key factor as it relates to market share performance and solid financial returns to its investors.

The Embassy Suites Portland features 119 suites, a full-service restaurant and lobby bar and nearly 2000 square feet of state-of-the-art meeting and special event space. Guests may enjoy in-room dining, complimentary 24-hour shuttle, daily breakfast and evening refreshments, in-room safes, a well-equipped fitness facility and generous size heated in-door pool, jacuzzi, and outdoor patio and green space. The hotel is conveniently located just outside of Portland’s International Airport and one mile to interstate 95.

From Travel and Leisure’s summer short list to USA Today’s America’s Prettiest Cobblestone Streets, Portland is the most populous city in the state of Maine.

About AAM15 Managment, LLC

AAM15 Management is an independent private equity real estate investment and hotel management company, specialized in acquisitions of hotel assets in the urban and suburban core markets throughout the east coast of the United States. In addition to the Residence Inn by Marriott and Courtyard of Yonkers, the company’s assets include the Embassy Suites Portland ME, Hilton Garden Inn Downtown Freeport, the Crowne Plaza Boston-Woburn, Residence Inn by Marriott Boston /Burlington, Residence Inn by Marriott Burlington/Colchester, the Doubletree by Hilton Burlington VT, the Springhill Suites Roanoke, VA and the Residence Inn by Marriott Downtown Manchester, NH (0pening Spring, 2020).

For more information on AAM15 Management, LLC be sure to visit www.aam15.com.
Contact: David R. Masse, Founder and CEO | Anthony Librot, COO and CFO | Frank Vento, EVP