🔒Fairfield Best Western hotel sells for $6.45M

A hotel in Fairfield recently traded hands for $6.45 million, property records show.

The 58-room Best Western Plus Fairfield Hotel on Kings Highway Cutoff sold in December.

The buyer was Fairfield Hotel Group LLC, which is controlled by Mahendra Patel of Meriden, state records show.

The seller was Blackrock Acquisition LLC, which is controlled by Kirtikumar S. Patel, Dev G. Patel, Girishbhai Patel and Rahul G. Patel, who share a New Haven business address at 41 Trumbull St., state records show.

The sellers originally purchased the property in 2014 for $6 million, property records show.

The hotel was built in 1958, sits on 0.89 acres and has 45 surface parking spaces, according to CoStar.

The sale comes amid a still-challenging time for the hotel industry, which has not recovered from the pandemic. For example, the average U.S. hotel occupancy rate from Jan. 9 to 15, was 48.8%, down 16.3% from the comparable week in pre-pandemic 2019, according to industry tracker STR.

The average daily rate for a U.S. hotel during that same time period this year was $122.12, down 1.6% from 2019, according to STR.

There is a trend in Connecticut and nationwide of developers purchasing struggling hotels and converting them into apartments.

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Enfield trash haulers, recyclers buy Stratford industrial building for $5.6M

The owners of a growing Greater Hartford trash-hauling and recycling company have purchased a Stratford warehouse for $5.6 million.

Frank Antonacci, the chief operating officer at Enfield-based USA Hauling & Recycling, and Gerald Antonacci are the principals of a limited liability company that late last year purchased the 56,300-square-foot warehouse at 1410 Honeyspot Road Ext., in Stratford.

In an email, Frank Antonacci confirmed that one of his subsidiaries, Murphy Road Recycling, intends to operate the property as a recycling facility.

The seller was AMEC Holdings LLC, which is controlled by Guy Mazzola, who is the president and founder of Norwalk construction management company AMEC Cos., state records show.

AMEC Holdings bought the property in 2017 for $5.1 million, records show.

Antonacci’s family-owned companies have been on a growth streak in recent years.

Last March, Murphy Road Recycling announced plans to invest $30 million to build a modern recycling center in Berlin.

In 2020, USA Hauling & Recycling, whose trucks and crews pick up waste from across Connecticut as well as in western Massachusetts, paid $1.85 million to purchase LEGO’s formerly-owned, 105,000-square-foot Enfield office complex at 555 Taylor Road.

At the time of the purchase, Antonacci said his company intended to consolidate approximately six satellite locations — including its longtime headquarters at 15 Mullen Road in Enfield — and move customer service, engineering, finance, collections and accounting departments to Taylor Road.

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New Haven retail/medical office building sells for $4.3M

A New Haven freestanding retail/medical office property has sold for $4.3 million, records show.

The 14,550-square-foot property at 137 Water St., sold late last year.

The buyer was Quincy, Massachusetts-based The Grossman Cos., which is a family-owned real estate firm.

The seller was Phoenix Realty Development LLC, which is controlled by Michael Santoro, who has a New Haven business address as 470 James St.

The property was built in 1967, renovated in 2017, sits on a 0.95-acre lot and has 26 surface parking spaces, according to CoStar.