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Marcus & Millichap Brokers Sale Of 116-Room Hotel In Wallingford For $9.2M
SOLD
$9,200,000
Connecticut
See Similar DealsHotel
Sold 03/12/2026
SOLD
Marcus & Millichap Brokers Sale Of 116-Room Hotel In Wallingford For $9.2M
100 Miles Drive
See Similar DealsHotel
Sold 03/12/2026
Summary
CONNECTICUT
Asset Type:Hotel
Transaction Type:Sale
The asset involved in the transaction is a 116-room hotel located at 100 Miles Drive in Wallingford, CT. The property, which is a Fairfield Inn & Suites, was sold for $9,200,000, resulting in a price per room of $79,310.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $9,200,000
- Address: 100 Miles Drive
- Market: Wallingford, CT
- Keys: 116
- PPK: $79,310
The transaction was brokered by Jerry Swon, Andrew Kern, and John Krueger, who represent Marcus & Millichap in this sale. Their involvement highlights the expertise of the firm in handling transactions within the hospitality segment.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$490,666.68
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$32,685.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$43,612.69
Annual Debt Service$523,352.32
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