Hotel In Stratford Sells For $18.6 Million

STRATFORD, CT — A 135-room Homewood Suites by Hilton in Stratford has been sold to a management company, Hunter Hotel Advisors recently announced.

The hotel, located at 6905 Main St. in Stratford, was sold to Jamsan Hotel Management, Inc., from an institutional seller, and the transaction was brokered by Hunter’s Spencer Davidson, senior vice president, in Hunter’s New York office, according to a news release.

The Hartford Business Journal reports the sale price was $18.6 million.

Built in 2002, the Homewood Suites by Hilton Stratford is an “institutional-quality, extended-stay property offering 135 spacious suites with fully equipped kitchens, complimentary breakfast and modern amenities including an indoor pool, 24-hour fitness center, business center and meeting space,” according to news release from Hunter Hotel Advisors.

“This will be a fantastic opportunity for us to improve the product and provide an updated extended stay hotel experience to our guests, and we are looking forward to it,” said Ashok Patel, Jamsan Hotel Management. “We continue to believe in the submarket as a robust and strong performer. We are thankful of the Hunter team, specifically Spencer Davidson, who was instrumental in helping to get this to the finish line.”

The hotel sits directly across from Sikorsky Aircraft Corporation’s Headquarters, a 2.5-million-square-foot campus employing more than 6,100 people, and is located near Sacred Heart University, Yale University and leading employers such as BIC Corporation, Bridgeport Hospital and St. Vincent’s Medical Center.

“This transaction reflects the continued strength of the extended-stay segment and the strategic interest we’re seeing from experienced regional operators like Jamsan,” Davidson said. “Stratford’s economic diversity and proximity to major corporate and institutional demand drivers make it a compelling market for long-term hotel investment.”