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January 24, 2025

CT boutique hotel sells for $5M

COSTAR The Maron Hotel & Suites at 42 Lake Avenue Extension in Danbury.

A boutique hotel near the Danbury Fair Mall has sold for $5 million, after being on the market for just a few months. 

The 76,000-square-foot Maron Hotel & Suites, at 42 Lake Ave. Ext. in Danbury, contains 86 guest rooms and 18,000 square feet of retail space, including existing long-term tenants Chase Bank and UPS Store. 

It was put up for sale last fall by Coldwell Banker Commercial Realty. The listing price was $6.25 million.

The property sold on Jan. 13 to RL 42 Lake Hospitality LLC, property records show. The limited liability company is controlled by Vishal Patel, who lists the hotel as his business address, state records show. 

Built in 1989 and renovated in 1999, the brick structure contains an atrium and a fitness center. The hotel also contains 11 extended-stay suites, four conference rooms and a banquet facility. There are 163 surface parking spaces and 43 in a covered lower-level area.

The property was sold by Mill Plain Center Limited, a business controlled by the late Albert J. Salame, a longtime Danbury entrepreneur who built the hotel.
 

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