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Hospitality > Hotel HI-HO

Background

Our second hotel purchase in as many years, the Hi-Ho represents a similar hospitality upgrade opportunity to Circle Fairfield. Built in the 50’s to support business and personal travel on the recently completed Merritt Parkway, the hotel had also fallen from grace over the last few decades. An attractive purchase price offered a remarkable opportunity to convert this Fairfield County icon from motel to boutique hotel, while recognizing significant profits.

Story

The hotel was closed for an extended period of time, despite the fully operational and renowned Barcelona restaurant downstairs. We reopened the hotel in October of 2015, after completely gutting and renovating all 40 rooms, fully restoring the lobby and upstairs lounge, as well as the 360 degree patio.

With a completely rebuilt brand, numerous community and industry accolades, and market-leading guest satisfaction rankings, our investment and efforts have been well rewarded. Occupancy continues to climb and at continually increasing rates.

Highlights

Location4180 BLACK ROCK
CITY & STATEFAIRFIELD, CT
# OF ROOMS40
Year Purchased2014
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