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May 22, 2024

Updated: Renters show strong early interest in new apartments inside former Hilton Hartford hotel space

Contributed “The Revel” apartments inside the Hilton Hartford hotel.
By Greg Bordonaro

After coming online about a month ago, dozens of new apartments inside the Hilton Hartford hotel have already been leased, and some have been occupied. 

About 60 tenants have signed leases for rental units inside “The Revel” apartments, which are located in the top 11 floors of the 22-story building on Trumbull Street, according to Michael Freimuth, executive director of the Capital Region Development Authority, which helped finance the project.

The $29 million redevelopment included converting the hotel’s upper floors into 147 modern apartments.

Twelve tenants have already moved into the property, Freimuth said Wednesday during a CRDA board meeting. About one-third of the tenants who have signed leases hail from Hartford, another third are from Connecticut, and the final group of renters are from out of state, Freimuth said.

The project was completed by developer Randy Salvatore, who showcased the nearly complete property in March. Leasing was expected to begin weeks later in April. 

“The Revel” apartments include a mix of studios and one- and two-bedroom units, with panoramic views of the city. The building’s bottom floors are now home to a DoubleTree by Hilton Hartford hotel, which has 170 guest rooms. 

The former Hilton hotel, which struggled financially for years, especially during the pandemic, had 393 guest rooms.

Salvatore partnered on the project with the Waterford Group, which owned the Hilton hotel since 2005. 

Salvatore said he got involved in the conversion because he feared the loss of a prominent downtown hotel would be a blow to the city’s image and his nearby North Crossing development, which includes plans to build about 1,000 apartments in mostly parking lot space around Dunkin’ Park.

In 2022, Salvatore debuted his first 270-unit apartment building in North Crossing, known as “The Pennant.” Work is now underway on North Crossing’s next phases. 

The CRDA provided $11 million in loans to help finance the Hilton hotel conversion. 

Editor's note: This story has been updated with fresh data on the number of units under lease at The Revel.

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