HREC arranges sale of Nathan Hale Inn in Storrs, Conn.

HREC Investment Advisors arranged the sale of the 98-room Nathan Hale Inn & Conference Center located in Storrs, Conn. on the campus of the University of Connecticut (UCONN). The University of Connecticut (UCONN) purchased the property.

Ketan Patel (SVP – Washington D.C.) and Geoff Davis (president & senior principal – New York) exclusively represented the seller during the transaction.

“The Hotel generated significant interest from investors given its on campus location and in a market that has significant barriers to entry and no other hotels," said Ketan Patel. "Ultimately the growth of UCONN and need for on campus housing persuaded the University to go ahead and purchase the Hotel.”

FREE DAILY NEWSLETTER

Like this story? Subscribe to Operations & Technology!

Hospitality professionals turn to Operations & Technology as their go-to source for breaking news on guestrooms, food & beverage, hospitality and technology trends, management and more. Sign up today to get news and updates delivered to your inbox daily and read on the go.

“Several hotel investors made offers and we were able to work through some complex issues to make sure the asset ended up in good hands," said Geoff Davis. "It will likely continue to operate as a hotel in the near term, but also gives the school options when it comes to meeting their student housing needs.

Storrs is part of the town of Mansfield and home to UCONN. The Town of Mansfield is located in eastern Tolland County only 20 miles outside of downtown Hartford, and is considered part of the greater Hartford metro area. Surrounding towns include Ashford, Chaplin, Coventry, Tolland, Willington and Windham. Tolland County is bordered by Hartford County to the west, New London County to the south, Windham County to the east, and the state of Massachusetts to the north.

Suggested Articles

With hospitality innovators continuing to redefine what hotels can be, here are a few things to look for on the horizon.

The Atlanta-based company has partnered with Lincoln McIlravy and his hospitality company Serve 20:28.

“We are strengthening our existing brands and building new ones to appeal to the customer of tomorrow,” President/CEO Pat Pacious said.