Marcus & Millichap Brokers Sale Of 116-Room Hotel In Wallingford For $9.2M

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.