A Delamar hotel with an estimated cost of around $30 million is slated for West Hartford, Conn. Dan Matos, whose Matos group has partnered with the Greenwich Hospitality Group to form Delamar West Hartford LLC, said the hotel is slated to open some time in 2016. This was all reported by The Hartford Courant.
Currently, there are Delamar-branded properties in Southport (pictured) and Greenwich, Conn.
"We're thrilled, we worked very hard with the town over a long period of time to get this right," said Matos.
The city sought proposals for a hotel on four acres of town-owned land at the corner of Memorial and Raymond roads in June 2012, and the Delamar's application was selected.
Plans for the six-story, 118,892-square-foot hotel call for 111 rooms, a 260-person ballroom, a banquet facility, 90-seat restaurant and bar, 70-seat outdoor dining area, 28-seat outdoor cafe and spa.
The town has offered a lease agreement for the project with an initial term of 50 years, with four renewable terms of a decade each.
Base rent for the lease is $150,000 annually, which would increase by 2 percent each year, and the agreement also includes a purchase option. The price for the land is $3 million, which will increase by 0.17 percent each month.