Listing Agents
Sean Banilivy
T | 516.456.7525
sbanilivy@paramountlodging.com
Brent Clemens
T | 312.402.2959
bclemens@paramountlodging.com
Detailed Information
Location
Property Highlights
- Fee simple interest in the lender owned 265-room DoubleTree by Hilton Norwalk, CT situated within the New York City Metropolitan Area
- Property available for sale in the April 5th Ten-X auction event
- Subject Hotel is offered unencumbered of management and debt
- Property is offered at a substantial discount to replacement cost in the high barrier to entry Fairfield County
- Substantial operational upside in purchasing a REO hotel, transitioning operations from the manager, completing the PIP, and repositioning the asset
- Direct ingress and egress from US Route 1 – Fairfield County’s primary commercial corridor
- Directly adjacent to and directly visible from Interstate 95 with upwards of 150,000 vehicles pass the location daily
- Proximate to all local corporate demand, including Frontier Communications (HQ), Xerox (HQ), Booking Holdings (HQ), Priceline.com, FactSet, and Pepperidge Farm
- Located near several prominent institutions of higher education including Fairfield University, University of Bridgeport, University of Connecticut-Stamford, Norwalk Community College, and Sacred Heart University
- Positioned in close proximity to the region’s highly visited leisure attractions, including The SONO Collection, The Maritime Aquarium at Norwalk, and the South Norwalk Historic District
- Easily accessible to all local healthcare demand, including Norwalk Hospital of Nuvance Health, Stamford Hospital, Greenwich Hospital, and St. Vincent’s Medical Center
- Fairfield County consistently ranks amongst the top-ten wealthiest counties in the country
- Readily accessible to six commercial and international airports including LaGuardia Airport, John F. Kennedy International Airport, Newark International Airport, Bradley International Airport, Tweed New Haven Airport and Westchester County Airport
- Norwalk is the sixth most populous city in Connecticut, and is an integral part of the New York Metropolitan area that boasts a population of over 20.1 million