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CW Capital, Wells Fargo JV Sells Holiday Inn for $7M

Tewksbury Hotel Trades for $31,000 Per Room
By Rochon Kelly Steward
February 5, 2009 | 3:15 P.M.

The partnership between CW Capital Asset Management and Wells Fargo sold a 227-room Holiday Inn at 4 Highwood Drive in Tewksbury, MA, to Pennsylvania-based Twin Tier for $7.05 million, or approximately $31,057 per room. This is Twin Tier's first hospitality property purchase in Tewksbury through its affiliate, Boston West Associates LLC.

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