PROPERTY OVERVIEW

Hunter Hotel Advisors has been retained as the exclusive advisor to solicit offers on the 135-room Homewood Suites by Hilton Stratford. Located at 6905 Main Street in Stratford, CT, the hotel is situated across the street from Sikorsky Aircraft Corporation’s Headquarters and is proximate to a diverse array of corporate, leisure and group demand generators. During the TTM period ending in July 2024, the hotel achieved a RevPAR of $133.44, generating more than $6.6 million of Room Revenue. The opportunity exists for a new investor to acquire an institutional, extended-stay hotel in an established market.

Excellent Location In An Established Market The Homewood Suites by Hilton Stratford is ideally situated in a thriving corporate and educational hub. Directly across the street from the hotel is Sikorsky Aircraft Corporation’s Headquarters. Sikorsky, known for being one of the first companies to manufacture helicopters, generates $3.3 billion in revenue and spans 2.5 million square feet while employing 6,100 people, making it a vital economic contributor to the region. The BIC Corporation manufacturing plant, located just 8 minutes from the hotel, serves as North America’s headquarters for the renowned producer of lighter and shaver products. This facility operates within 170,000 square feet and supports 400 employees. Additionally, situated 10 minutes away is Sacred Heart University, the second-largest Catholic university in New England. With a sprawling 350-acre campus, Sacred Heart is home to 11,000 students and is recognized as one of the fastest-growing Catholic universities in the nation, generating a significant economic impact of $1.6 billion. Furthermore, Yale University is 17 minutes from the hotel, adding to the area’s educational prestige. Founded in 1701, Yale is a private Ivy League research institution and the third oldest higher education institution in the nation. With a total enrollment of 15,081 students and a highly selective acceptance rate of 4.46%, Yale boasts an economic output of $16 billion, further contributing to the local economy.

Significant Operational Upside The Hotel was operated at a 26.5% NOI margin through TTM July 2024, giving prospective buyers and new management significant operational upside as extended stay hotels on average operate above 35% NOI margins. With a more localized management approach, new ownership will be able to improve efficiency and lower costs compared to larger institutional management companies.

Institutional Extended Stay Hilton Branded Asset Hilton’s Homewood Suites brand is one of the strongest brands in the Hilton family. Extended stay hotels have achieved occupancy rates 10% - 14% higher than the average hotel over the last 20 years and proved resilient during and after COVID-19 with minimal losses compared to traditional hotels. Additionally, premium branded assets have distinct competitive advantages compared to the rest of the market due to their large rewards and reservation systems as well as name recognition. All Hilton properties are backed by the Hilton Honors reward program which boasts over 190 million members across 18 brands and more than 7,600 hotels worldwide.