Press Releases
Marcus & Millichap Arranges $12M Sale of Holiday Inn Express & Suites in Danbury, Connecticut
June 18, 2026
DANBURY, Conn., June 18, 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 a Holiday Inn Express & Suites in Danbury, Connecticut. The asset sold for $12,050,000.
“This was a great deal for both parties,” said Jerry Swon of Marcus & Millichap’s New York City office. “It was a pleasure to successfully transact for a third time with the seller and help the buyer expand their footprint in Danbury. The transaction marks my seventh hotel sale of 2026 and reflects the meaningful sales velocity we’re seeing return to the hotel market. As capital re-enters the sector and investors regain confidence, well located assets are positioned to trade.”
Swon, in association with John Krueger, the firm’s broker of record in Connecticut, exclusively marketed the property on behalf of the seller and procured the buyer, who are both private clients.
The 50,000-square-foot property, located at 89 Mill Plain Road, sits on 2.5 acres. It was built in 2001 and recently renovated in 2024. The four-story hotel has a 79-unit mix between standard rooms and suites. The property includes onsite parking, an outdoor pool and a fitness center.
The property is directly off Interstate 84 near Danbury Fair Mall, Western Connecticut State University and many corporate offices including Duracell Inc.
“This was a great deal for both parties,” said Jerry Swon of Marcus & Millichap’s New York City office. “It was a pleasure to successfully transact for a third time with the seller and help the buyer expand their footprint in Danbury. The transaction marks my seventh hotel sale of 2026 and reflects the meaningful sales velocity we’re seeing return to the hotel market. As capital re-enters the sector and investors regain confidence, well located assets are positioned to trade.”
Swon, in association with John Krueger, the firm’s broker of record in Connecticut, exclusively marketed the property on behalf of the seller and procured the buyer, who are both private clients.
The 50,000-square-foot property, located at 89 Mill Plain Road, sits on 2.5 acres. It was built in 2001 and recently renovated in 2024. The four-story hotel has a 79-unit mix between standard rooms and suites. The property includes onsite parking, an outdoor pool and a fitness center.
The property is directly off Interstate 84 near Danbury Fair Mall, Western Connecticut State University and many corporate offices including Duracell Inc.
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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, 2025, the company had 1,808 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 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
