UConn, Graduate Hotels® to Enter Deal for Purchase of Nathan Hale Inn

/UConn, Graduate Hotels® to Enter Deal for Purchase of Nathan Hale Inn

UConn, Graduate Hotels® to Enter Deal for Purchase of Nathan Hale Inn

|2018-09-27T11:25:28-04:00September 27th, 2018|

STORRS, Conn. – Adventurous Journeys Capital Partners (AJ Capital Partners), owner of the Graduate Hotels brand, and the University of Connecticut have reached an agreement in which the company will buy UConn’s Nathan Hale Inn. The UConn Board of Trustees voted Wednesday to authorize university officials to sign agreements with AJ Capital Partners, in which the company will buy the 98-room hotel at UConn Storrs and lease for the land on which it is situated. The hotel will undergo a renovation to convert to Graduate Storrs, part of the Graduate Hotels collection, and open in late 2019.

Created for travelers who seek memory-making journeys, Graduate Hotels is a thoughtfully crafted collection of hotels that reside in the most dynamic university-anchored cities across the country. Each property celebrates and commemorates the optimistic energy of its community, while offering an extended retreat to places that often play host to the best days of our lives. There are currently 11 open and operating hotels across the U.S. and an additional 11 hotels under development slated to open by 2020.

“We are honored by UConn’s decision to allow us to transform the Nathan Hale Inn into a hotel that is truly benefitting such a great university,” said Tim Franzen, President of Graduate Hotels.

The Nathan Hale Inn opened in 2001 and is centrally located on the UConn campus, providing easy access for guests to on-campus events and other attractions in the region and state. UConn purchased it in 2015 and has been using half of the guest rooms for student housing, with the rest continuing to function as a hotel.

The hotel will undergo a comprehensive renovation to convert it to Graduate Storrs, which will touch all guestrooms, common areas, the restaurant and bar, and meeting rooms. “We are delighted to welcome Graduate Hotels to Storrs,” UConn President Susan Herbst said. “This accomplishes two key university goals: to have a quality hotel in Storrs that is operated privately at no expense to the university or the state. This will be an extremely welcome addition to the campus that will meet the needs of countless visitors and guests for years to come.”

About AJ Capital Partners

AJ Capital Partners, based in Chicago, is an accomplished team of hospitality and real estate investors whose innate passion is to create a one-of-a kind portfolio of timeless assets. The counter-culture investors acquire, design and develop transformative real estate throughout the United States. In fall 2014, AJ Capital Partners launched the Graduate Hotels® collection. AJ Capital Partners continues to grow its portfolio of lodging investments, firmly establishing the group as visionary leaders in the lifestyle-driven investment industry. For more information on AJ Capital Partners, please visit www.ajcpt.com.

Contact: Meg Connolly Communications

[email protected]/(212) 505-8200

About UConn

The University of Connecticut is one of the top public research universities in the nation, with more than 30,000 students pursuing opportunities in higher learning in labs, lecture halls, and the community. Knowledge exploration throughout the University’s network of campuses is united by a culture of innovation. An unprecedented commitment from the state of Connecticut ensures UConn attracts internationally renowned faculty and the world’s brightest students. A tradition of coaching winning athletes makes UConn a standout in Division l sports and fuels our academic spirit. As a vibrant, progressive leader, UConn fosters a diverse and dynamic culture that meets the challenges of a changing global society.

Contact: Stephanie Reitz

[email protected]/(860) 486-0871

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