CHT Purchases 8th Hotel in Eight Years, Announces Transformation of Harbor Place

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Champlain Housing Trust has purchased the Days Inn in Shelburne, the second major acquisition in December and eighth lodging establishment it has purchased since 2013. These properties, spread across six municipalities in Chittenden County, are serving a variety of purposes ranging from a facility for people escaping domestic violence, to the State’s Covid-19 isolation motel, to permanent housing with resident services.

The Days Inn will continue to operate as a hotel after some light rehab over the next few months. CHT’s Harbor Place motel will ultimately shift operation to the Days Inn site, setting in motion a plan to redevelop the Harbor Place site into nearly 100 homes for affordable homeownership and rentals. CHT has begun the process of working with the Town of Shelburne to redevelop the Harbor Place property into permanent housing.

The Days Inn was purchased for $6 million. A $7.345 million grant from the Vermont Housing & Conservation Board from Federal American Recovery Plan Act – State Fiscal Recovery funds appropriated by the Vermont State Legislature is covering the acquisition, rehabilitation and related development costs.

“We are looking forward to the opportunity to create almost 100 affordable homes in Shelburne, including permanently affordable townhomes and rentals over the next year or two,” said Michael Monte, CHT’s CEO. “It is no secret that there’s a severe shortage of affordable housing in Chittenden County, and being able to build more in a community like Shelburne is a great opportunity.”

The Harbor Place motel operations will likely transition to the Days Inn property over the next several months after some light rehab work and site work, including the installation of a fence at the request of neighbors.