Map pin1 Bright Meadow Blvd, Enfield, CT, 06082, US

Fairfield Inn & Suites Enfield

Fairfield Inn & Suites Enfield_Property for Sale

Attributes

Number of units
172 units
Year built
1984
Year renovated
2019
Land area gross
4.05 ha

Asset description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer, on an exclusive basis, the fee simple interest in 172-room Fairfield Inn & Suites Springfield Enfield (the “Hotel” or “Property”). Between 2019 and 2021, the owner invested approximately $15 million to renovate and rebrand the Hotel. The on-property amenities include an outdoor pool, fitness center, on-site restaurant, and meeting rooms.


The Hotel is located in Enfield, Connecticut, 6 miles south of Downtown Springfield, Massachusetts and 20 miles north of Hartford, Connecticut. The Hotel is situated in the heart of New England’s Knowledge Corridor, one of the nation’s leading concentrations of health services, advanced manufacturing, education services, and insurers. Companies such as Brooks Brothers, and Martin Brower provide significant room nights to area hotels. Additionally, strong leisure demand is generated by Six Flags New England, MassMutual Center, MGM Springfield, and The Big E, all of which are easily accessible from the Hotel.


The Fairfield Inn & Suites Springfield Enfield offers investors the opportunity to acquire a recently renovated, Marriott-branded hotel in Northern Connecticut. The Property benefits from strong in-place cash flow. The Hotel is being offered unencumbered by management and at a significant discount to replacement cost in the high-barrier New England hospitality market.


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Investment highlights

  • Convenient Northern Connecticut Location
  • Access to Diverse Demand Drivers
  • Recent Vintage, Recently Renovated Hotel
  • Industry Leading Marriot Brand Affiliation
  • Strong In-Place Cash Flow
  • Unencumbered by Management
Fairfield Inn & Suites Enfield 4_Property for Sale
Fairfield Inn & Suites Enfield 4_Property for Sale
Fairfield Inn & Suites Enfield (0 Properties)

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Last updated
Mar 5, 2024