Hunter Hotel Advisors brokered the sale of the 129-room EVEN Hotel Norwalk in Norwalk, CT for 6R Capital Group to V2 Capital Management.
The hotel is adjacent to Merritt 7 Corporate Park, the largest corporate park in Fairfield County, which includes a dedicated train station with direct access to Grand Central Terminal in New York City. The hotel is within minutes of Booking Holdings, FactSet Research Headquarters, Datto (a Kaseya company) and other multinational corporations headquartered in Norwalk, as well as Norwalk Hospital and the Maritime Aquarium. The property has 746 sq. ft. of meeting space, a fitness center and The EVEN Kitchen & Bar, a full-service restaurant.
“We originally acquired the property as part of a broader portfolio,” said Shai Shamir, co-founder/managing partner, 6R Capital Group. “Over the past two years, we completed an extensive PIP and refreshed the hotel to align with the new design standards. This successful transaction reflects our strategy of identifying opportunities, creating value through repositioning and ultimately delivering strong results for our partners.”
Elaine Feng, VP, acquisition and asset management, 6R Capital Group, added. “It was a pleasure to work with V2 Capital Management and Hunter. We are confident that the buyer will continue to build on this momentum and further strengthen the EVEN brand in this market.”
Hunter’s Spencer Davidson, SVP, facilitated the transaction. “This well-located property sits in a high barrier-to-entry market, offering long-term growth potential,” he said. “With future CapEx due, ownership is positioned to unlock meaningful value through enhancements that will elevate the asset’s competitive position and ensure its continued success in a highly sought-after region.”
The post 6R Capital Group sells EVEN Hotel Norwalk to V2 Capital Management appeared first on hotelbusiness.com.
Source: hotelbusiness.com
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