Property for Southington hotel project sold

A Massachusetts commercial development company has purchased vacant property in Southington on which it plans to build a new hotel.

Karm Properties and Mahavir Patel, of Lynnfield, bought the 10-acre, vacant property at 95 John Weichsel Crossing for $1.25 million in a deal recorded Oct. 17. The seller was Queen Spring LLC of Southington and principals Michelle Florian, Dennis Stanek Jr., and John Paul Thornton.

Christian Dietz and Bob Pagani of Colliers represented the sellers and buyer in the deal. 

The project, estimated to cost $10 million to $12 million, calls for a 50,000-square-foot, four-story, 122-room Woodspring Suites hotel near Queen Street and I-84, in the town’s business zone. 

The development comes with an approved seven-year tax agreement for the project, which gained town Planning and Zoning approval in September.