Shaban of Besen Tapped to Market Bradley Hotel

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Ronnie Shaban, Director at Besen & Associates, has been retained as the exclusive agent to market the Bradley Hotel located at 383 South Center Street, Windsor Locks, CT 06096. The asking price is $16,000,000. 
 
The Bradley Hotel is a 2-story, gut renovated hotel with 164 guest rooms located one mile from Bradley International Airport, and approximately 13 miles from West Hartford, CT and 17 miles from Springfield, MA as well as numerous tourist attractions and major businesses. Bradley Hotel features Windsor Lounge, three banquet spaces totaling 6,800 square feet, another lobby restaurant and an indoor pool. The concrete fireproof building sits on 10 acres of land and has approximately 115,000 sf (gross) plus a 750-space outdoor parking lot. Bradley Hotel underwent a $13,000,000 renovation from 2006-2009, which included new mechanical systems, a full renovation to the lobby, hallways, indoor pool, ballrooms, and other meeting rooms as well as the guest rooms. Prior to the renovation, the hotel was a Howard Johnson and Bradley Hotel was re-opened in 2009 with no flag.
 
The Offering provides an experienced hotel operator a strong repositioning opportunity to step into a well-located, fully operational hotel that has recently been gut renovated. A proven operator will be able to contract a hotel franchise or leverage its own proven marketing and operational expertise with minimal capital beyond the purchase, which will add to the bottom line.
 
The Property is well located off of Interstate 91 between Hartford, CT (13 miles away) and Springfield, MA (17 miles away) with good visibility from the highway. Bradley Hotel is just one-half mile away from Bradley International Airport, which is the only international airport between JFK & Boston. Nearby attractions include NBA Basketball Hall of Fame, Six Flags New England, New England Air Museum, Mark Twain House & Museum, Comcast Music Theatre, and many golf courses. Bradley Hotel is a 15-minute drive from downtown Hartford business district where many major corporations have corporate offices including: Aetna, Air Guards, American Precision, Birken Manufacturing, FedEx, Hamilton Flight, Hamilton Sundstrand, Hartford Insurance, HiTech, Honda, MCI, Pratt & Whitney, UTC, and UPS.
 
TheBradley Hotel re-opened in 2009 after undergoing a major renovation from 2006-2009 which included new mechanical systems, a full renovation to the lobby, hallways, indoor pool, ballrooms, and other meeting rooms as well as the guest rooms and 7,000 square foot Windsor Lounge. The new renovation makes the hotel a prime candidate for many franchises.