100 Weston St Hartford, CT 06120-1504

This exceptional investment opportunity presents the Travel Inn, a 109-key motel situated on a 2.49-acre lot in Hartford, Connecticut. Boasting 49,088 square feet across three, two-story buildings, this property offers significant upside potential. The motel features 120 parking spaces, a main lobby, office unit, owner/manager suite, and laundry facilities. Built in 1975 and extensively renovated in 2023, the property includes updated HVAC units, water heaters, furnishings, roofing, and landscaping. Currently operating independently, the Travel Inn enjoys a prime location near I-91, minutes from downtown Hartford, and close to major attractions including the Xfinity Theater and Dunkin' Donuts Stadium. The property's current occupancy is 46%, with an average daily rate of $80-$90, yielding a 9.5% cap rate and a NOI of $573,658. Pro forma projections indicate a 12.47% cap rate and a NOI of $748,161. The asking price is $6,000,000, translating to $122.23 per square foot and $55,045.87 per key. Zoned ID-1, this property presents diverse redevelopment possibilities, including conversion to offices, group living facilities, or other community uses. Financial details are available upon request.