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243 Tresser Boulevard - Stamford Marriott Hotel, Stamford, CT

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243 Tresser Boulevard - Stamford Marriott Hotel

Corner of Tresser Blvd & Canal St
Stamford, CT 06901-3436 - Stamford Submarket


Property Type:Hospitality Number of Rooms:506 Status:Existing Year Built:1975
Stories:19 Building Size:556,614 SF Land Area:3.57 AC (155,509 SF)
For Sale Price:For Sale Price/Room:- Cap Rate:-

Parking:.66 Parking Spaces / 1,000 SF


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 17th
150 SF-250 SF
Negotiable
Vacant
Negotiable
Office
 
9546978
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
17th
150 SF-250 SF
Negotiable
Vacant
Negotiable
Office
The Stamford Marriott is a full-service hotel & spa with 506 rooms situated on approximately 3.57 acre parcel of land in Stamford, Connecticut. The property was built in 1975 and recently renovated in 2006. The hotel is a 17-story, single building high-rise which contains approximately 27,000 square feet of meeting space and features an adjacent four-story concrete parking garage containing approximately 368 parking spaces. Additional amenities at the hotel include a spa, two restaurants, an indoor/outdoor swimming pool, fitness center, business center, a gift/convenience shop, and an on-site rental car and limousine service. There are 280 guestrooms that contain one king-sized bed and 226 guestrooms containing two double-sized beds.

The property is located in Downtown Stamford, Fairfield County, Connecticut, approximately 35 miles from midtown Manhattan. The hotel is located caddy-corner to Stamford Town Center, an approximately 860,000 square foot super-regional mall and is visible and accessible by Interstate Highway I-95. I-95 connects the hotel's neighborhood with New England to the east and north and New York to the west. Additionally, the property is situated on Route 1 (Tresser Boulevard), which runs along the south shore of Connecticut parallel to I-95 and is the most developed and utilized road in Fairfield County. Lastly, the property is approximately 20 minutes from the Westchester County Airport, with LaGuardia and JFK airports approximately one hour from the hotel.

According to the CMBS filing J.P. Morgan Chase Commercial Mortgage Securities Trust 2007-C1, this property was last appraised on 5/14/07 for $87,600,000.

According to the CMBS filing J.P. Morgan Chase Commercial Mortgage Securities Trust 2007-C1, the following historical operating statistics are provided:

OCCUPANCY:
2005 62.50%
2006 65.80%
2007 64.10%

ADR:
2005 $148.29
2006 $152.34
2007 $161.28

REVPAR:
2005 $92.69
2006 $100.22
2007 $103.41

Sale Notes:
The non-performing loan is secured by The Stamford Marriott, a full-service hotel & spa with 508 rooms located in Stamford, CT. The Hotel was built in 1975, renovated in 2006 and is situated on an approximately 3.57 acre parcel of land. The structure is a 17-story, single building high-rise. The property contains 27,000 SF of meeting space and features an adjacent four-story concrete parking garage containing 368 parking spaces. Additional amenities at the hotel include the Agora Spa, two restaurants (Allie's American Grille and Northern Lights Bar & Lounge), an indoor/outdoor swimming pool, fitness center, business center, a convenience shop serving Starbucks Coffee, an on-site Budget Rent A Car and the Connecticut Limo office..

CBRE
Bradley Burwell
(212) 984-8278

Spencer Davidson
(212) 984-8000

  
Ten-X, LLC
David Amezquita
(949) 208-8512


Stark Office Suites
Alyssa Ponce
(914) 220-8303



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