Hotels for Sale

Hampton Inn & Suites New Haven, CT

Address:
New Haven, Connecticut
Description:
  • Fee-simple interest in an institutionally owned and third-party managed 98-room Hampton Inn and Suites, offered at a discount to replacement cost
  • High yield investment with forecasted year one double-digit cash on cash returns
  • Property RevPAR of +$100 with opportunity for substantive additional rate growth to further improve operating margins
  • Available unencumbered of debt and third-party management with ability to retain the Hampton Inn & Suites brand for a new long-term license
  • Moderate change of ownership PIP anticipated with approximately $1.5MM ($15k per key) of total renovation completed since 2015
  • Adjacent to Interstate 95 with additional accessibility via the Merritt Parkway, with upwards of 150,000 vehicles passing the location daily
  • Optimal location just south of downtown New Haven with easy accessibility to Yale University, Yale Sports Complex, and Yale University New Haven Hospital
  • Within walking distance of numerous full-service nationally recognized restaurants
  • Proximate to all broader New Haven area demand, including: downtown New Haven, the Shubert Theatre, Yale University Art Gallery, Savin Rock Conference Center, Alexion Pharmaceuticals, and Southern Connecticut State University

Listing Agents

Kami Burnette
T | 512.831.5605
Email

Bennett Webster
T: 312.239.0560
Email

Brent Clemens
T: 312.402.2959
Email

Scott Griemsmann
T: 415.419.5765
Email
BRE #01336236

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