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1 Fortune Blvd
Milford, MA 01757
Fairfield Inn & Suites Boston Milford · Hospitality Property For Sale
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34,751 SF
Investment Highlights
- Fee simple interest in the lender-owned 73-room Fairfield Inn & Suites located in Milford (Boston area), Massachusetts.
- Transferred to special servicing in November 2020, and the lender completed foreclosure in May 2022.
- Prime location between Boston and Providence and readily accessible via the heavily trafficked Interstate 495, with upwards of 85,000 vehicles passing
- Offered unencumbered by management and debt.
- Strong market performance with competitive set trailing-24-month RevPAR average gains of 8.5%, grossly outpacing national averages.
- Situated approximately three miles from all Milford area corporate demand, including Waters Global Headquarters, Consiglia Construction, Milton CAT
Property Facts
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 2001/2014 |
| Building Class | B | Tenancy | Single |
| Lot Size | 1.92 AC | Parking Ratio | 2.42/1,000 SF |
| Building Size | 34,751 SF | Corridor | Interior |
| Zoning | IB - IB zoning in Milford, Massachusetts is Highway Industrial zoning. | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.92 AC |
| Building Size | 34,751 SF |
| No. Stories | 3 |
| Year Built/Renovated | 2001/2014 |
| Tenancy | Single |
| Parking Ratio | 2.42/1,000 SF |
| Corridor | Interior |
| Zoning | IB - IB zoning in Milford, Massachusetts is Highway Industrial zoning. |
Amenities
- Business Center
- Fitness Center
- Pool
- Shuttle Service
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
- Digital key
Property Taxes
| Parcel Number | MILF-000028-000098-000027 | Improvements Assessment | $2,663,900 |
| Land Assessment | $751,400 | Total Assessment | $3,415,300 |
Property Taxes
Parcel Number
MILF-000028-000098-000027
Land Assessment
$751,400
Improvements Assessment
$2,663,900
Total Assessment
$3,415,300
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