V2 Capital Acquires 161-Room Courtyard Shelton from Shelton Suites, LLC in Fairfield County Deal

V2 Capital has acquired the Courtyard Shelton, a 161-room select-service hotel in Shelton, Connecticut, from Shelton Suites, LLC, an affiliate of Waterford Hotel Group. JLL Capital Markets and RobertDouglas jointly represented the seller in the transaction, which closed Aug. 4, 2026.

The seven-story property at 780 Bridgeport Ave. in Fairfield County underwent a $4.1 million renovation completed in 2023 that included full guestroom upgrades, common area and building systems improvements, and the conversion of select guestrooms into extended-stay suites. The hotel now features 23 suites with full kitchens alongside traditional king and double queen accommodations.

Property Details and Amenities

The Courtyard Shelton operates under Marriott International's Courtyard brand and sits on 3.24 acres with access to Interstate 95, the Merritt Parkway and Route 8. The property offers approximately 6,300 square feet of meeting and event space across multiple rooms suited for corporate meetings, conferences and social functions.

Amenities include The Bistro restaurant and bar featuring Starbucks specialty beverages, an indoor pool, fitness center, business center and outdoor patio. The hotel's extended-stay component — added during the 2023 renovation — positions the asset as a hybrid select-service and extended-stay product, a format that has attracted sustained investor interest for its ability to serve project-based corporate, healthcare and academic demand alongside traditional transient guests.

Prior to the sale, Connecticut-based Waterford Hotel Group managed the property from 2015 through two ownership transitions. Waterford Hotel Group, headquartered in Waterford, Connecticut, has a nearly 40-year track record managing properties ranging from full-service hotels and convention centers to boutique New England inns.

Fairfield County Demand Drivers

Shelton's location in Fairfield County places the hotel within one of Connecticut's most economically active regions, which carries an estimated $104 billion GDP. The property draws on a range of corporate, institutional and leisure demand generators.

Corporate headquarters in the area include Sikorsky, BIC, Subway and Schick. On the institutional side, the hotel benefits from proximity to Yale University University, Fairfield University and the Yale New Haven Health system. Leisure demand is supported by more than 17 miles of Long Island Sound coastline and the Sports Center of Connecticut, a multi-sport complex in Shelton that draws travel sports teams from across the region.

The property's location between New York City and Boston along I-95 and Amtrak's Northeast Corridor, with Metro-North rail service connecting to Grand Central Terminal, adds to its regional accessibility. Fairfield County has also seen corporate relocations and mixed-use developments that have contributed to the area's economic activity.

Transaction Team and Competitive Process

The JLL Capital Markets team was led by Senior Managing Director Alan Suzuki, Managing Director Matthew Enright, Associate Hunter Cuthbertson and Analyst Alexa Amorosino. The RobertDouglas team was led by Principal and Managing Director Douglas Hercher and Managing Director Andrew Heilmann.

"Select-service hotels in supply-constrained markets with diverse demand generators remain among the most sought-after assets in hospitality investment," Suzuki said. "This property's proximity to major corporate headquarters, world-class universities and significant infrastructure projects positioned it as an attractive acquisition for operators seeking stable cash flow and long-term appreciation potential."

Hercher noted that the joint marketing effort generated competitive bidding for the asset. "The joint RobertDouglas and JLL marketing effort generated meaningful competition for this asset, which speaks both to the quality of the renovation Waterford completed and to the durability of the Fairfield County market," he said. "We were glad to support Waterford in achieving their objectives and to see the hotel transition to an ownership group that recognizes its long-term potential."

The sale price was not disclosed.

Buyer and Broader Market Context

V2 Capital, headquartered in Westport, Connecticut, is a hospitality firm that acquires and operates assets throughout the Northeast. The Courtyard Shelton acquisition fits a pattern of investor activity in renovated, branded select-service hotels in suburban corporate markets, where recent capital expenditures, brand affiliation and diversified demand bases have drawn competitive bidding.

Select-service hotels have generally demonstrated resilient operating margins relative to full-service properties, in part due to lower labor intensity and reduced food-and-beverage cost structures. Extended-stay hybrid formats, such as the configuration now in place at the Courtyard Shelton, have attracted additional investor interest for their ability to capture longer-stay demand from corporate project work, healthcare assignments and academic relocations — demand types that can stabilize occupancy across economic cycles.

RobertDouglas is a real estate investment banking firm with offices in New York, Los Angeles, San Francisco and Chicago, specializing in the sale, financing and equity capitalization of hotel, resort and gaming properties throughout North America. JLL's Capital Markets group operates with more than 3,000 specialists in nearly 50 countries, providing investment sales, debt advisory, loan sales and equity placement services globally.