55 Simsbury RdAvon, CT 06001
Residence Inn Hartford Avon - Avon, Connecticut
HREC Investment Advisors (“HREC IA”) is pleased to offer, to qualified investors, the opportunity to acquire the fee-simple interest in the 100 room Residence Inn Hartford Avon (“Hotel” or “Property”), situated at 55 Simsbury Rd, Avon, CT 06001.
Overview
- Outstanding RevPAR and Financials – As of the June 2025 TTM, the Hotel is performing at a $139.28 RevPAR with an Occupancy of 81.8%.
- Stable Cash Flows and NOI – The Hotel enjoys Room Revenues of ~$5.1M with a NOI flow-through of 31.1% as of the June 2025 TTM.
- Proximate to New Developments – The Hotel is 0.1 miles away from the Avon Village Center Project, a $400M mixed use development which broke ground in 2018. The first phase (six buildings) was completed in 2021. The full build-out is expected to include over 100,000 SF of retail (with a flagship Whole Foods), substantial office space, and up to 400 residential units, with the first phase—six buildings totaling 119,000 SF of retail—completed in 2021.
- ADR Upside Post-PIP – Upon a Change of Ownership PIP, a new Owner would be able to seek upside from an increase in ADR and having a stronger product within the market.
- Exclusive Branded Offering in the Submarket – The Residence Inn by Marriott Hartford Avon stands as the only branded hotel in the immediate area west of Hartford, offering a distinct competitive advantage. Travelers seeking a nationally recognized brand must otherwise look to Downtown Hartford, Farmington, or Windsor, positioning the asset as the premier lodging option for corporate, leisure, and extended-stay demand in the local market.
- Convenient Access to Hartford – The Hotel is located proximate to Hartford Demand Generators such as five Higher Education Systems, 15,000-seat XL Center, 7,500-seat XFINITY Theatre, 6,100-seat Dunkin’ Donuts Park, and the 540,000 SF Connecticut Convention Center. It is also less than 10 miles from downtown Hartford.
- No New Supply Threats – The City of Avon has no new Hospitality supply in the stages of Proposed, Final Planning, or Under Construction.
- Fee-Simple and Unencumbered of Management
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55 Simsbury RdAvon, CT 06001
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Listing provided by Revere CRE