ATLANTA, Georgia—Hunter Hotel Advisors introduced the sale of the 129-room EVEN Resort Norwalk in Norwalk, Connecticut. 6R Capital Group offered the lodge to V2 Capital Administration on Sept. 15. Hunter’s Spencer Davidson, senior vice chairman, facilitated the transaction.
The EVEN Resort Norwalk is adjoining to Merritt 7 Company Park. The lodge is inside minutes of Reserving Holdings, FactSet Analysis Headquarters, Datto, and different multinational companies headquartered in Norwalk, in addition to Norwalk Hospital and the Maritime Aquarium. The property presents 746 sq. toes of assembly house, a health heart, and The EVEN Kitchen & Bar, a full-service restaurant.
“We initially acquired the property as a part of a broader portfolio,” mentioned Shai Shamir, co-founder and managing accomplice of 6R Capital Group. “Over the previous two years, we accomplished an intensive PIP and refreshed the lodge to align with the brand new design requirements. This profitable transaction displays our technique of figuring out alternatives, creating worth by repositioning, and in the end delivering robust outcomes for our companions.”
“It was a pleasure to work with V2 Capital Administration and Hunter,” added Elaine Feng, vice chairman of acquisition and asset administration of 6R Capital Group. “We’re assured that the customer will proceed to construct on this momentum and additional strengthen the EVEN model on this market.”
“This transaction marks one other profitable closing in Connecticut and reinforces our observe document within the Northeast,” mentioned Davidson. “This well-located property sits in a excessive barrier-to-entry market, providing long-term development potential. With future capex due, possession is positioned to unlock significant worth by enhancements that may elevate the asset’s aggressive place and guarantee its continued success in a extremely sought-after area.”
