Former Red Lion Hotel Cromwell, CT

Listing Agents

Sean Banilivy
T | 516.456.7525
sbanilivy@paramountlodging.com

Bennett Webster
T | 312.339.3698
bwebster@paramountlodging.com

Detailed Information
Property Highlights

UNDER CONTRACT

  • Property is situated on +9-acres and is ideally well positioned for partial or full redevelopment
  • Available unencumbered of debt / management with Sonesta / Red Lion interested in relicensing the property, or buyer may pursue multiple rebranding options available
  • Optimal time to purchase Red Lion licensed asset in light of recent Sonesta acquisition and expansive growth with Sonesta – now totaling 1,200 hotels making it one of the largest hotel companies globally
  • Strong operational upside in buying out of bankruptcy sale and transitioning operations out of receivership and absentee prior ownership
  • Readily accessible via Connecticut’s primary north/south thoroughfare Interstate-91 with upwards of 75,000 cars passing the location daily
  • Situated within five miles of core area demand generators including Weslyan University, TPC River Highlands, Rocky Hill Veterans Home & Hospital Center, 67-acre Corporate Ridge Office Park, and the 110,000SF I-91 Tech Center
  • Ideally located in heart of Hartford MSA proximate to all broader area demand including ESPN Headquarters, the XL Center, and the Connecticut State Capital Building
  • Optimal time to be investing in broader Hartford MSA with plans well underway for the $1.4B expansion at Hartford Bradley Airport
Location