Boston & New England + New England + Apartments | June 15, 2021

Chozick Realty Brokers $22M Sale of Hartford MF Property

Commercial real estate brokerage firm Chozick Realty has arranged the $22 million sale of a hotel and multifamily property in Hartford.

Located at 50 Morgan St., the 18-story building was originally built in 1971 as a 350-room hotel. The property currently consists of 150 hotel rooms and 96 apartments after a recent conversion. The buyer, a partnership between Alexa Group and Shelbourne International, plans to reposition the remaining 150 hotel rooms into 164 apartments. The new owners will also convert existing banquet space into an amenity area with a fitness center and coworking lounge and add a 380-space parking garage and a pool with a sun deck.

Rick Chozick and Tom Boyle of Chozick Realty represented the seller, DW Capital, in the sale.

Connect

Inside The Story

Chozick Realty

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

Order Reprints