Updated Sep 11, 2026
Marcus & Millichap Sells Holiday Inn Express & Suites In Danbury Connecticut For $12M
89 Mill Plain Road
$12,000,000
Building Size
—
Asset Type
Hotel
Closing
Sep 10, 2026
About this deal
AI
The property asset involved in the transaction is a hotel located at 89 Mill Plain Road in Danbury, CT. The sale price of the hotel is $12,000,000. The hotel comprises 79 keys and is situated on 2.5 acres of land.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $12,000,000
- Keys: 79
- Market: Danbury, CT
- Broker: Jerry Swon
- Agency: Marcus & Millichap
- PPK: $151,899
The transaction was brokered by Jerry Swon from Marcus & Millichap, who facilitated the sale of the 79-room Holiday Inn Express & Suites, contributing to the overall real estate market in Danbury, Connecticut.
On the Map
$12,000,000
Hotel
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Danbury Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93