Hotels & Hospitality

Trumbull Marriott Shelton

180 Hawley Lane, Trumbull, CT, 06611, US

Trumbull Marriott Shelton_Property for Sale

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Asset description

By means of a court ordered receivership, Jones Lang LaSalle Americas, Inc (“JLL”) is pleased to offer for sale the fee-simple interest in the non-union, 325-room Trumbull Marriott Shelton (the “Hotel”, “Property”, “Trumbull Marriott”, or “Asset”). Located approximately equidistant to New York City and Springfield, MA at the intersection of Connecticut Routes 8 and 15 (Merritt Pkwy), the Property serves an array of corporate, university, and transient demand needs.

 

Currently encumbered by Marriott brand and management, the Property is expected to remain within the Marriott collection of brands. Extensive escrows in excess of $7MM will be sold in conjunction with the Property to address comprehensive PIP-required upgrades.


Click here to sign electronic NDA & Access to Dataroom


Broker of Record | Edward Tonnessen | License # REB.0683830

Attributes

Loan Status
Receivership Sale

Investment highlights

ADR over the trailing twelve months through August 2022 is already above 2018-2019 levels and approaching pre-Covid peaks. As the Property has not seen major upgrades since 2012, completing necessary renovations would offer new ownership significant upside to recapture market share and reinvigorate food & beverage and event space demand of a re-positioned Property.

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Last updated
Oct 27, 2022