V2 Capital acquires 161-room Courtyard Shelton in Connecticut

BOSTON, Aug. 4, 2026 – JLL Capital Markets announced today the sale of the Courtyard Shelton, a 161-room select-service hotel in Shelton, Connecticut.

JLL and RobertDouglas represented the seller, Shelton Suites, LLC, an affiliate of Waterford in the transaction. V2 Capital acquired the asset.

The seven-story property is located at 780 Bridgeport Ave. in Fairfield County and underwent a comprehensive $4.1 million renovation completed in 2023. The renovation included upgrades to all guestrooms, common areas and building systems, as well as the conversion of select guestrooms into an extended-stay format. The hotel now features 23 suites with full kitchens and extended-stay amenities alongside traditional king and double queen accommodations.

Prior to the sale, the hotel was professionally managed by Connecticut-based Waterford Hotel Group from 2015 through two ownership transitions, helping enhance the property’s performance and long-term asset value. 

The Courtyard Shelton operates under one of Marriott's premier select-service brands and offers 6,300 square feet of meeting and event space across multiple rooms capable of accommodating corporate meetings, conferences and social functions. Property amenities include The Bistro restaurant and bar featuring Starbucks specialty beverages, an indoor pool, fitness center, business center and outdoor patio. The hotel sits on 3.24 acres with convenient access to Interstate 95, the Merritt Parkway and Route 8.

The property benefits from proximity to major academic, corporate, healthcare and leisure demand drivers, including Yale and Fairfield University, the Yale New Haven Health system, and corporate headquarters for Sikorsky, BIC, Subway and Schick. Fairfield County is one of Connecticut's most economically dynamic regions with a $104 billion GDP and benefits from major infrastructure investments including corporate relocations and mixed-use developments in close proximity to the hotel.

Shelton's location provides access to more than 17 miles of Long Island Sound coastline. Local demand generators include the Sports Center of Connecticut, a multi-sport complex in Shelton that draws travel sports teams from across the region. The area is located between New York City and Boston along Interstate 95 and Amtrak's Northeast Corridor, with Metro-North rail service connecting to Grand Central Terminal.

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," said Suzuki. "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 added, "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. 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."

JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom. 

JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of March 31, 2026. For over 200 years, clients have trusted JLL, a Fortune 500^® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

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. Founded by two of the hotel industry's pre-eminent finance professionals, Rob Stiles and Doug Hercher, RobertDouglas offers exceptional domestic and international institutional investor and lender relationships. The firm combines the capital markets sophistication of top-tier investment banks with detailed hotel underwriting and asset management expertise, providing the firm with unique capabilities in an underserved market. For more information, contact info@robert-douglas.com or go to www.robert-douglas.com.

Waterford Hotel Group, headquartered in Waterford, Connecticut, has a nearly 40-year track record of success, managing properties ranging from full-service hotels and convention centers to boutique New England inns. The company is recognized for its results-driven approach, combining operational expertise with a commitment to delivering outstanding guest experiences and strong financial performance for owners.

V2 Capital, headquartered in Westport, Connecticut, is a hospitality firm that acquires and operates differentiated assets throughout the Northeast.