Hotel Sold In One Of Shelton's Key Business Districts

SHELTON, CT — Hunter Hotel Advisors announced Wednesday the successful sale of a hotel located in one of Shelton's key business districts.

According to a news release provided by Hunter, the 125-key Hampton Inn Shelton, located on Bridgeport Avenue, was purchased from Alpental Capital by V2 Capital Management on June 12.

Spencer Davidson, Hunter's senior vice president, facilitated the transaction, according to the investment advisory firm

According to Hunter, the hotel is conveniently located in one of Shelton's key business districts with easy access to Enterprise Corporate Park, which is home to major employers such as Subway, CDW and Airshare.

The area's economy is also supported by the North American headquarters of BIC and the global headquarters of Sikorsky, one of the region's largest employers, according to Hunter.

Nearby Sacred Heart University, with over 11,000 students, adds to the hotel's steady demand and contributes significantly to the local economy, according to Hunter.

"This was a great off-market deal that shows how we're continuing to find creative ways to bring buyers and sellers together, whether a listing is public or not," Davidson said in a news release. "The previous owner had already completed most of the heavy lifting on renovations, which made this an attractive opportunity for V2 with minimal capex needed moving forward."

Catering to both leisure and business travelers, the Hampton Inn Shelton features an on-site fitness center, indoor pool and 825 square feet of meeting space, according to Hunter.

More information is available at www.hunterhotels.net.