The Capitol Hotel Downtown Hartford 440 Asylum St Services hôteliers 96 chambres À vendre Hartford, CT 06103

Upland Property Advisors is pleased to offer the opportunity to acquire The Capitol Hotel, a nine-story, 96-key Class B+ hotel situated in downtown Hartford, Connecticut. Located at 424-440 Asylum Street and 22 Union Place, the asset enjoys exceptional accessibility immediately adjacent to Union Station and at the junction of Interstates 91 and 84. The hotel is strategically positioned to benefit from a diverse mix of demand drivers, anchored by Hartford’s key insurance, finance, and government sectors as Connecticut’s state capital city.

The property is also near key cultural and recreational assets, including the XL Center arena, Connecticut Convention Center, and several prominent educational institutions such as the University of Connecticut’s Hartford campus, Trinity College, and University of Hartford.

Originally constructed as a hotel in 1961, the concrete and steel-framed asset has been consistently maintained and renovated, remaining in excellent condition with no immediate capital needs. The hotel features a mix of king, queen, and double-bed configurations and offers a variety of amenities including a breakfast area, multiple conference rooms, a business center, a fitness center, and back-of-house facilities. The property also includes a 46-space indoor parking garage and an adjacent 11,240-square-foot surface lot, generating additional revenue.

Offered in fee simple interest at a highly attractive cost basis per key, The Capitol Hotel is unencumbered by management or franchise agreements, presenting immediate upside through rebranding and repositioning. The property is also an ideal candidate for residential conversion, capitalizing on Hartford’s growing workforce, expanding student population, and urban revitalization efforts.