Marriott hotel in Milford sells for $5.9M at auction
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The Fairfield Inn in Milford last sold for $4.5 million.
A Milford hotel, which was up for auction, sold for $5.9 million, according to a foreclosure deed in the Worcester South District Registry of Deeds.
The hotel at 1 Fortune Blvd. in Milford, which was branded as a Fairfield Inn & Suites by Marriott at the time of the sale, was put up for auction in May by Holbrook-based auctioneer Paul E. Saperstein Co., Inc.
CWCapital, a Washington, D.C. real estate firm, bought the property in a deal closed May 17. The seller was Kana Darshan LLC, which is registered to Dilip Gandhi. Gandhi is the president of North Attleborough company RudraH Hospitality, which manages hotels in Massachusetts and Rhode Island.
The transaction is about $1.5-million higher than the hotel’s last sale, which occurred in 2006.
The hotel contains 73 rooms across 34,700 square feet and three stories. It is assessed by the Town of Milford at just over $3 million.
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