212-430-5219
100 Miles Dr, Wallingford, CT for Sale
Hospitality - FOR SALE
1/24
null | Request Cap Rate

100 Miles Dr
Wallingford, CT 06492


HIGHLIGHTS

  • Fairfield Inn Wallingford Meriden is a well-constructed, concrete plank, 116-key hotel that underwent a $1.4 million renovation in 2024.
  • Historically underperforming asset given physical condition, and an owner operator can significantly improve the top line and bottom line cash flow.
  • Directly off Interstate 91 in Wallingford just north of Downtown New Haven and south of Hartford with access to New York, Boston, and beyond.
  • Marriott is proposing a new, 13-year minimum license agreement, which will cover two renovation cycles.
  • Located 21 miles from Tweed New Haven Regional Airport, Oakdale Theatre, Gouveia Vineyards and Powder Ridge Mountain Park.
  • In 2022, Connecticut's tourism industry generated an estimated $17 billion in sales, with approximately $10 billion stemming from visitor spending.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF ROOMS

116

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fairfield Inn Wallingford Meriden | Renovated

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1985

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.08 AC

LAND SF

134,165 SF

ZONING

I-5

APN/PARCEL ID

WALL-000067-000000-000009

ASK ABOUT THIS PROPERTY

Jerry SwonMarcus & MillichapMore Info
212-430-5219

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Jerry SwonMarcus & MillichapMore Info
212-430-5219

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.