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Fairfield Inn & Suites
in Manchester, CT -Image Credit JLL Fairfield Inn in Manchester, Connecticut, is up for sale, using investors a property in one of the most checked out retail locations in the U.S.
. The Fairfield Inn & Suites, located at 121 Pavilions Drive in Manchester, Connecticut, is currently noted for sale by Jones Lang LaSalle Americas, Inc. (JLL). The property operates under a triple web (NNN) ground lease with approximately 20.5 years remaining on the lease term. The lease includes lease escalations of 7.5% every five years, with three ten-year renewal alternatives, except for a 5.0% boost in the first choice.
Area and Retail Environment
The hotel is situated in Manchester’s main retail location, which boasts over 6 million square feet of retail space. This area is kept in mind for its high visitor traffic, with over 11.6 million check outs yearly, making it the most gone to retail node in Connecticut and putting it in the leading 4% of retail nodes nationwide, according to Placer.ai. The location features a variety of national sellers, consisting of Walmart, Costco, The Home Depot, Pastime Lobby, Target, Whole Foods, and ALDI.
Financial Details
The asking rate for the Fairfield Inn is $2,421,000, with a net operating earnings (NOI) of $115,000. The home spans a net structure location of 50,000 square feet. Initially integrated in 2000, the hotel went through restorations in 2010. The upcoming rent boost is arranged for January 2026.
Management and Brand name
The Fairfield Inn is managed by JNR Hotels, a hospitality owner and operator based in the Northeastern United States with over 30 years of team experience. The Fairfield Inn brand is owned by Marriott, among the world’s largest hotel operators, with over 9,300 areas and a ‘BBB’ credit rating from Requirement & Poor’s.
Investment Emphasizes
The sale of the Fairfield Inn provides several appealing investment features. Its area in an extremely trafficked retail area ensures a stable circulation of prospective guests. The long-lasting NNN ground lease offers stability, with lease increases offering potential for income growth. The management by experienced operators, combined with the support of an internationally recognized hotel brand name, adds to the home’s appeal.
Demographics
The surrounding location boasts strong demographics, with a typical household income of around $120,000 within a five-mile radius. This financial backdrop supports the hotel’s viability and possible success.
Inquire at JLL.