Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of Dolce Norwalk, a 120-room, full-service, conference-center hotel in the heart of Norwalk, Connecticut.
The HFF team marketed the property on behalf of the seller, Broadreach Capital Partners. Queens Plaza North LLC purchased the hotel.
Dolce Norwalk has been well maintained since it opened in 1982 and is currently undergoing a multi-million-dollar renovation to the hotel’s public areas so it can continue to be a center for leadership and innovation that caters to executive-level management and those who prefer an exclusive retreat setting for meetings and events. The conference center hotel comprises three buildings that are connected via suspended walkways and features a full-service restaurant; two bar/lounge outlets; an indoor pool, basketball court and racquet ball court; a state-of-the-art fitness center; outdoor tennis and volleyball courts; hiking trails and more than 21,000 square feet of flexible meeting space. Situated on 66 acres of rolling hills, meadows and wooded areas at 32 Weed Avenue, Dulce Norwalk is in Fairfield County, which is home to the largest concentration of Fortune 500 headquarters in the country. Additionally, the hotel is 40 miles from Manhattan, 18 miles from Westchester County Airport and less than nine miles from Stamford.
The HFF investment advisory team representing the seller included senior director KC Patel and managing director Steven Klein.
About Broadreach Capital Partners
Established in 2002, Broadreach Capital Partners is a real estate investment firm that focuses on western U.S. commercial and hotel and resort properties. The firm invests in a wide variety of real estate assets across a number of geographies. Their primary objective is the creation of value through the application of experience gained over decades of involvement in all phases of the real estate business, including the acquisition, development, redevelopment, management, financing, entitlement and disposition of real property. The firm combines this expertise with significant financial resources to produce what, over time, have been industry-leading results. Learn more at http://www.broadreachcp.com.
About HFF
HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.
