Hotels for Sale

Sheraton Hartford South, CT

Address:
Hartford, Connecticut
Description:
  • Institutionally owned and third-party managed 250-room Sheraton Hartford South offered at a significant discount to replacement cost
  • Property offers 8,600SF of meeting and banquet as well as the Common House Kitchen and Bar food and beverage outlet
  • Strong continued operational upside following years of absentee management with recent improvements generating a +10% increase in revenue and a 167% increase in NOI since changing operators
  • Available unencumbered of debt and third-party management with the ability to retain the Sheraton brand with a new long-term license
  • Adjacent to Interstate-91 with direct accessibility and visibility to the interstate exit/entrance ramp with upwards of 60,000 vehicles passing the location daily
  • Situated within the 67-acre Corporate Ridge Office Park and walking distance to some of the area’s more prominent national and multi-national employers including EMC, Optimum Insight, Arburg, Aspen RE America, and the US Headquarters of Henkel
  • Easily accessible to all additional Rocky Hill demand including the 110,000SF I-91 Tech Center, the Rocky Hill Veterans Home & Hospital, and Dinosaur State Park
  • Ideally located in the heart of the broader Hartford MSA and proximate to all regional demand including ESPN Headquarters, the XL Center, Rentschler Field, the Xfinity Center, and the Connecticut State Capital building
  • Plans are well underway for a $1.4B expansion at Hartford Bradley Airport designed to expand domestic and international routes and increase current passenger traffic by 50% to 10MM annual passengers
  • Optimal time to invest in the Hartford MSA and the state of Connecticut with a shifting political landscape towards a more accommodating business climate and new leadership in the Governor’s office

Listing Agents

Bennett Webster
T: 312.339.3698
Email

Brent Clemens
T: 312.239.0572
Email

Categories List:   

Send message to listing owner