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- LoopNet Team
65 Columbus Blvd
New Britain, CT 06051
Red Roof Inn Hartford - New Britain · Hospitality Property For Sale
·
82,418 SF
INVESTMENT HIGHLIGHTS
- Very Strong Cash Flow
- Nice Box. Can be converted to another suitable franchise
- Absentee Owner - Great upside for an Owner Operator
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 6 |
| Property Subtype | Hotel | Year Built/Renovated | 1971/2017 |
| Building Class | C | Parking Ratio | 1.82/1,000 SF |
| Lot Size | 2.13 AC | Corridor | Interior |
| Building Size | 82,418 SF | ||
| Zoning | B4 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.13 AC |
| Building Size | 82,418 SF |
| No. Stories | 6 |
| Year Built/Renovated | 1971/2017 |
| Parking Ratio | 1.82/1,000 SF |
| Corridor | Interior |
| Zoning | B4 |
AMENITIES
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
ABOUT 65 COLUMBUS BLVD , NEW BRITAIN, CT 06051
The property, a former La Quinta, became a Red Roof Inn in mid-2016. A significant capital expense was incurred by current owners upon take over. The property is run absentee owner and managed by a General Manager. In our judgment the property is capable of reaching revenues in excess of $2 million with an owner operator, sales and marketing and yield management. After the renovations, the property is doing very well. 2018 revenues were are in excess of $1.85 million. New Britain is home to the global headquarters of the Fortune 500 manufacturing conglomerate Stanley Black & Decker. Other notable companies headquartered in New Britain are Creed Monarch, Guida's Dairy and Polamer Precision. It is also home to Central Connecticut State University and Charter Oak State College. The University of Hartford is only 13 miles away.
PROPERTY TAXES
| Parcel Number | NBRI-000008A-000000-C000009 | Improvements Assessment | $2,335,270 |
| Land Assessment | $160,650 | Total Assessment | $2,495,920 |
PROPERTY TAXES
