The 135-key Homewood Suites by Hilton Stratford has been acquired by Jamsan Hotel Management from an institutional seller in a deal brokered by Hunter Hotel Advisors. Other terms and conditions were not disclosed.
Built in 2002, the extended-stay hotel has 135 suites with full kitchens, an indoor pool, 24-hour fitness center, business center and meeting space. The Connecticut property is located across from Sikorsky Aircraft Corporation’s headquarters and near demand drivers including Sacred Heart University, Yale University, BIC Corporation, Bridgeport Hospital and St. Vincent’s Medical Center.
“This will be a fantastic opportunity for us to improve the product and provide an updated extended-stay hotel experience to our guests,” Ashok Patel of Lexington, Mass.-based Jamsan Hotel Management, said in a statement. “We continue to believe in the submarket as a robust and strong performer.”
The transaction was brokered by Spencer Davidson, senior vice president, in Hunter’s New York office. “This transaction reflects the continued strength of the extended-stay segment and the strategic interest we’re seeing from experienced regional operators like Jamsan,” he said. “Stratford’s economic diversity and proximity to major corporate and institutional demand drivers make it a compelling market for long-term hotel investment.”