Issue link: https://nebusinessmedia.uberflip.com/i/1493843
HARTFORDBUSINESS.COM | March 6, 2023 7 DEAL WATCH Home2 Suites brand right next to his 141-room DoubleTree by Hilton hotel. He is also building an attached 35,000-square-foot convention and events center. "What triggered this whole process was extended-stay hotels were doing well in the area," Niznick said. "Hilton came up with the Home2 brand, sort of an upscale extended-stay hotel. I wanted to get it before someone else took it." Niznick said his strategy is to go after weddings and conventions that will help fill his hotels and "provide a beautiful venue." "There isn't anything like it in the area," he said. The Bristol convention center's ballroom will feature modern audio and visual technology, along with breakout rooms. Slated to open with the Home2 hotel in July, the center will also host galas, fundraisers, corporate functions and events. Lynn Dell, general manager of Niznick's Bristol hotels, said the DoubleTree cut its staff of 120 to between 10 and 15 people at the start of the pandemic. All have since returned and 2022 was a better year financially than 2019, Dell said. "In 2022 we had a strong year," Dell said. "All trends right now seem to be that things are on an uptick, and we feel good about it." CT hotels in the planning or construction process City/Town Hotel name Opening Phase Rooms Branford Hampton by Hilton Branford New Haven 2025 Planning 101 Branford Tidal Basin Planning 34 Bristol Home2 Suites by Hilton 2023 In Construction 90 East Hartford Fairfield by Marriott Inn & Suites East Hartford 2023 In Construction 70 Glastonbury AC Hotel by Marriott Hartford Glastonbury 2025 Final Planning 129 Hamden Residence Inn By Marriott New Haven Hamden 2023 In Construction 127 Ledyard Great Wolf Lodge at Mashantucket 2025 In Construction 550 Manchester WoodSpring Suites Manchester 2025 In Construction 122 Milford WoodSpring Suites Milford 2025 Planning 122 Mystic Homewood Suites by Hilton Mystic 2029 Planning 110 Mystic Mystic Seaport Museum Boutique Hotel Planning 25 New Haven Home2 Suites by Hilton East Haven New Haven 2024 Planning 103 New Haven Residence Inn New Haven Downtown 2024 Final Planning 150 New Haven Tempo by Hilton New Haven Downtown 2025 Planning 133 Newington WoodSpring Suites Newington 2024 Final Planning 122 North Haven Hampton Inn & Suites by Hilton North Haven 2024 Final Planning 105 Norwalk Residence Inn Norwalk Planning 50 Norwich Hotel Chelsea 2023 In Construction 24 Norwich Unnamed Hotel @ Hale Mill 2025 Final Planning 151 Stratford Parkway Plaza Hotel 2023 Final Planning 105 Vernon Rockville Tru by Hilton Hartford Vernon 2025 Planning 85 Wallingford Hampton Inn & Suites by Hilton Wallingford Meriden 2025 Planning 109 Waterbury Holiday Inn Express Waterbury West 2023 Final Planning 92 Wethersfield WoodSpring Suites Rocky Hill 2024 In Construction 123 Windsor Home2 Suites by Hilton Windsor Hartford North 2025 Final Planning 85 Windsor Microtel Inn & Suites by Wyndham Windsor 2024 Planning 100 Windsor WoodSpring Suites Windsor 2025 Planning 122 Windsor Locks Tru by Hilton Windsor Locks Bradley Airport 2024 Final Planning 114 Source: STR Member FDIC Santo Pirrotta, Deb Oakliff, Maureen Kennedy, Steven Angeletti, Andreas Kapetanopoulos, Kate VanValkenburg, Heather Piteo, Dale Stewart At NBT Bank, our goal is to help you reach yours. Our relationship managers provide the expert guidance and custom solutions it takes to help grow your business. Our local commitment builds strong, long-lasting partnerships that maximize your potential for success. Let our experienced Connecticut commercial banking team create real opportunity for your business. Trust your goals to the right team. nbtbank.com/ct FAST50 The Commercial Record's Capital and Treasury Management Solutions Fraud Protection & Secure Banking Solutions Local Perspective & Decision Making