An affiliate of a private real estate investment firm with billions in assets worldwide recently sold a 135-room Norwich hotel for $8.2 million.
In a deed recorded April 30, a limited liability company with ties to Starwood Capital Group sold the 1973-vintage, six-story hotel building at 10 Laura Blvd.
The property hosts a Holiday Inn.
The selling LLC shares a Greenwich address with an office of Starwood Capital Group, a global real estate investment firm. On its website, Starwood says it has about 7,000 employees in 19 offices worldwide and approximately $130 billion in assets under management.
According to city assessing records, the Starwood-affiliated LLC paid $5.49 million for the hotel in 2012.
The new owner of the Norwich hotel is a limited liability company headed by Mehulkumar Patel, of Southington.
Patel was also part of an investment group that paid $4.29 million for a 111-room budget hotel in East Windsor earlier this year.
