Press Releases
Marcus & Millichap Arranges $9.2M Sale of Fairfield Inn & Suites in New Haven County
January 12, 2026
WALLINGFORD, Conn., Jan. 12, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of the Fairfield Inn & Suites located in Wallingford, Connecticut. The property sold for $9.2 million.
Marcus & Millichap’s Jerry Swon and Andrew Kern, in association with John Krueger, the firm’s broker of record in Connecticut, represented the seller and procured the buyer.
“After closing a separate transaction with the buyer, who entered a 1031 exchange, we were able to put this deal together,” said Swon. “The Marriott brand and the hotel’s strong performance made the asset a great fit. It was a pleasure working with both parties again to complete another successful transaction.”
The four-story, 116-room hotel is located at 100 Miles Drive on a 3.1-acre site adjacent to Interstate 91. Built in 1985 as a Susse Chalet hotel, the property was reflagged as a Fairfield Inn & Suites in 2001 and recently underwent significant capital improvements totaling more than $1.3 million. On-site amenities include professional workspaces, laundry facilities, complimentary Wi-Fi, a fitness center, dry-cleaning services and a convenience store.
Marcus & Millichap’s Jerry Swon and Andrew Kern, in association with John Krueger, the firm’s broker of record in Connecticut, represented the seller and procured the buyer.
“After closing a separate transaction with the buyer, who entered a 1031 exchange, we were able to put this deal together,” said Swon. “The Marriott brand and the hotel’s strong performance made the asset a great fit. It was a pleasure working with both parties again to complete another successful transaction.”
The four-story, 116-room hotel is located at 100 Miles Drive on a 3.1-acre site adjacent to Interstate 91. Built in 1985 as a Susse Chalet hotel, the property was reflagged as a Fairfield Inn & Suites in 2001 and recently underwent significant capital improvements totaling more than $1.3 million. On-site amenities include professional workspaces, laundry facilities, complimentary Wi-Fi, a fitness center, dry-cleaning services and a convenience store.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
