Hotels for Sale

Connecticut 3 Hotel Portfolio

Address:
Connecticut
Description:
  • Fee simple interest in New England three property portfolio totaling 442 keys, available for portfolio or individual sale
  • Portfolio includes performing Hilton Garden Inn, performing independent hotel with potential Hilton up-branding opportunity, and under-development Hampton Inn to be delivered at CO in May
  • Seller pricing guidance equates to a blended +10% cap rate for the two operating assets, and with the concrete construction Hampton Inn to be delivered at replacement cost with pre-negotiated seven year tax abatement
  • Properties are offered unencumbered of management and with assumable in-place financing
  • All three assets are situated within 15-miles of each other, allowing for strong operating economies of scale
  • Additional development potential with three combined sites totaling over 18-acres
  • Ideally situated relative to all regional demand including the US Coast Guard Academy, the US Naval Submarine Base, Connecticut College and Connecticut's two casinos (Foxwoods and Mohegan Sun)

Listing Agents

Omari Head
T: 773.315.5704
Email

Bennett Webster
T: 312.239.0560
Email

Brent Clemens
T: 312.402.2959
Email

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