Hotel Business in Connecticut

Sale of a 147-room hotel located in Mystic, Connecticut. The property is situated on a parcel containing 5.27 acres and located right off I-95 in Mystic Connecticut.FACILITIES SUMMARYROOMS: Standard King - 36 units Double/Double - 110 units Suites: King bed with sofabed - 4 units(120 rooms were operational when the property closed)FOOD & BEVERAGE: Restaurant Space - Seats 220 guests Bar & LoungeMEETING & BANQUET FACILITIES: 4,000 SF meeting space, lobby/registration area, and administrative and sales officesAMENITIES & SERVICES:Indoor Swimming Pool, Hot Tub, Fitness Room, Business Center. The sale includes:

1. Real property.
2. Improvements. All parking areas and all buildings, structures, facilities and improvements located on the Real Property and including, without limitation, all mechanical systems, fixtures and equipment; heating systems, fixtures and equipment; air conditioning systems, fixtures and equipment; and plumbing systems, fixtures and equipment, electrical systems, fixtures and equipment; and ventilating systems, fixtures and equipment (collectively, the "Improvements");
3. Personal Property. All equipment, furniture, furnishings, fixtures, machinery, compressors, appliances, engines, desks, files, tools, spare parts, inventory and other items of tangible personal property owned by the Seller for use in connection with the Real Property (collectively, the "Personal Property"), all of said Personal Property to be described on the inventory to be conducted pursuant to Section 1.3 hereof and attached hereto as Exhibit “B";
4. Maintenance Agreements, Service Contracts, Equipment Leases, and other Contracts. All of Seller's rights and interests in and to all maintenance agreements, service contracts, equipment leases and other contracts, agreements and contract rights, if any, (collectively, the "Maintenance Agreements"), concerning the operation of the Assets but only to the extent assignable, as set forth on Exhibit "D" attached hereto and all related deposits, prepaid items and open orders for the purchase of any personal property;
5. Licenses, Warranties, Permits. All of Seller's right, title and interest, if any, in and to all transferable warranties and guaranties, express or implied, related to any of the Assets (the "Warranties") from any contracts, contractors, subcontractors, materialmen, suppliers or vendors, but only to the extent that such Warranties are assignable and all of Seller's right, title and interest in and to all transferable licenses and permits ("Licenses and Permits") relating to the operations of the Assets including, without limitation, those listed on Exhibit "H" attached hereto. Seller agrees to cooperate with Purchaser in arranging for the transfer of all such Licenses and Permits to Purchaser;
6. Surveys. All site plans and/or surveys, if any, in Seller's possession or control that relate to the Real Property (provided Seller makes no representations or warranties as to the accuracy or completeness of such surveys or plans);
7. Easements and Awards. All right, title and interest of Seller, if any, in and to any easements, rights-of-way, privileges, licenses or other interests in, on, or to, any land, highway, street, road, or avenue, open or proposed, in, on or across, in front of, abutting or adjoining, the Real Property; and all right, title and interest of Seller, if any, in and to any awards made, or to be made in lieu thereof, and in and to any unpaid awards for damage thereto by reason of a change of grade of any such highway, street, road or avenue (collectively, the "Easements and Awards");
8. Inventory. All inventories of supplies, if any, which may include china, glassware, silverware, linens, uniforms, works of art, materials and supplies used or intended for use in connection with the operation of the Assets, subject to depletions, replacements, and additions in the ordinary course. All inventories of Consumable Inventories, which shall mean merchandise, food and beverages, if any, held for sale in connection with the operation of the Assets, subject to depletions, replacements and additions in the ordinary course, (collectively, the “ Inventory” );
9. Advance Deposits. The advance reservations and bookings, as the same may be amended, canceled and renewed (the "Reservations") and advance deposits made in respect thereof (the "Reservation Deposits"); and
10. Tenants Leases.