ATLANTA, Georgia—Hunter Lodge Advisors introduced the sale of the 129-room EVEN Lodge Norwalk in Norwalk, Connecticut. 6R Capital Group bought the resort to V2 Capital Administration on Sept. 15. Hunter’s Spencer Davidson, senior vp, facilitated the transaction.
The EVEN Lodge Norwalk is adjoining to Merritt 7 Company Park. The resort is inside minutes of Reserving Holdings, FactSet Analysis Headquarters, Datto, and different multinational firms headquartered in Norwalk, in addition to Norwalk Hospital and the Maritime Aquarium. The property presents 746 sq. toes of assembly house, a health heart, and The EVEN Kitchen & Bar, a full-service restaurant.
“We initially acquired the property as a part of a broader portfolio,” mentioned Shai Shamir, co-founder and managing accomplice of 6R Capital Group. “Over the previous two years, we accomplished an in depth PIP and refreshed the resort to align with the brand new design requirements. This profitable transaction displays our technique of figuring out alternatives, creating worth by way of repositioning, and in the end delivering sturdy outcomes for our companions.”
“It was a pleasure to work with V2 Capital Administration and Hunter,” added Elaine Feng, vp of acquisition and asset administration of 6R Capital Group. “We’re assured that the client will proceed to construct on this momentum and additional strengthen the EVEN model on this market.”
“This transaction marks one other profitable closing in Connecticut and reinforces our observe file within the Northeast,” mentioned Davidson. “This well-located property sits in a excessive barrier-to-entry market, providing long-term progress potential. With future capex due, possession is positioned to unlock significant worth by way of enhancements that can elevate the asset’s aggressive place and guarantee its continued success in a extremely sought-after area.”