Delamar hotel approved for West Hartford, Conn.

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.

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

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.

Read more on

Suggested Articles

When developing an on-property spa, hoteliers should consider what its strategic objective will be and plan accordingly.

Formerly Driftwood Acquisitions & Development, Driftwood Capital has secured new capital allowing $3 billion in deployments over five years.

Accor has signed with Sabre to create a new product combining property management and central reservation systems, which it hoped would drive growth.