AAM 15 Management Announces Acquisition of DoubleTree by Hilton Manchester Downtown Hotel, Conference Center and Center of New Hampshire Parking Garage

AAM 15 Management, LLC, a Burlington, Massachusetts-based real estate investment and management company, is pleased to announce the acquisition of the DoubleTree by Hilton Manchester Downtown and the Center of New Hampshire Parking Garage, located in the heart of downtown Manchester, New Hampshire.

The acquisition includes the 248-room, full-service hotel and conference center at 700 Elm Street, together with the adjoining Center of New Hampshire Parking Garage, which accommodates approximately 1,000 vehicles. The transaction represents another significant addition to AAM 15’s hospitality portfolio and further strengthens the company’s presence in the Manchester market, where it developed and opened the Residence Inn by Marriott Manchester Downtown in 2020.

Originally opened in 1983 as a Holiday Inn, the hotel later operated as a Radisson before undergoing a multimillion-dollar renovation and conversion to the DoubleTree by Hilton brand in 2018. The property has long been a cornerstone of Manchester’s hospitality and convention industry, serving generations of business and leisure travelers while hosting conferences, weddings, community gatherings, government functions, and numerous political events, including those associated with New Hampshire’s nationally recognized first-in-the-nation presidential primary.

“Manchester, NH is a market we know well and have a great deal of confidence in,” said David R. Masse, Founder and CEO of AAM 15 Management. “This hotel has been an important part of downtown Manchester for decades, and we’re excited about the opportunity to build on that legacy. With our existing investment in the Residence Inn Manchester Downtown, we have developed a strong appreciation for the city, its business community, and its continued growth. We plan to invest more than $10 million in improvements and upgrades to the property over the next two years, including guest room renovations, enhancements to meeting and conference spaces, and improvements to the parking garage. We look forward to investing in the property’s future and continuing to make it a destination that Manchester can be proud of.”

Located along Elm Street, just steps from SNHU Arena and Manchester’s downtown dining, shopping, and entertainment destinations, the hotel is ideally positioned to serve both local and regional visitors.

The adjoining Center of New Hampshire Parking Garage is also an important component of the acquisition. With approximately 1,000 parking spaces, the centrally located garage serves hotel guests, downtown businesses, conference attendees, and visitors attending concerts, sporting events, and other activities at nearby SNHU Arena. Its proximity to the arena makes it a convenient parking destination for many of Manchester’s major events.

The hotel features 248 guest rooms, The Current Kitchen & Bar, an indoor pool, fitness center, and extensive meeting and conference facilities. With more than 58,000 square feet of event space, including an approximately 30,000-square-foot expo center, ballrooms, and meeting rooms, the DoubleTree remains one of the region’s prominent destinations for large-scale conferences, corporate meetings, weddings, and community events.

AAM 15 plans to build on the property’s established reputation through its hands-on approach to ownership and management, with an emphasis on guest experience, continued property improvements, and long-term value. The acquisition reflects the company’s ongoing strategy of investing in well-located hospitality properties with strong market fundamentals and meaningful connections to the communities they serve.

With an established presence throughout New England and the East Coast, AAM 15 continues to expand its portfolio through strategic acquisitions, development, and investment in hospitality and other real estate assets.