Hospitality & Tourism

Whether it’s the proximity to New York City or all of the tourist attractions that New Jersey has to offer, the Garden State’s hospitality industry is booming. Hotels are increasingly becoming part of major redevelopment projects.

Everhome Suites arrives in Somerset after 2024 site acquisition, Goldstein Group says

A new 114-room Everhome Suites has opened in the Somerset section of Franklin, occupying a site that it acquired under a 2024 deal by The Goldstein Group.

New interactive, immersive ‘Messi Experience’ coming to American Dream

An immersive fan exhibit celebrating Leo Messi, the Argentine football icon, is coming to New Jersey thanks to a deal involving a locally based Cushman & Wakefield team.

TFE buys well-known boardwalk site in Ocean Grove, eyes new community pavilion

TFE Properties has acquired a vacant boardwalk property in Ocean Grove that it now hopes to revitalize with a new 40,000-square-foot pavilion and community destination.

Broad, longtime hotel broker, joins Cronheim as senior managing director

Cronheim Hotel Capital has tapped Andrew Broad as a senior managing director, adding a veteran broker with deep ties to both the hospitality sector and the capital markets.

NJBA, NJBIA file appeal to stop Murphy-backed flood elevation rules for development

Two top business groups are going to court to block controversial land use and flood protection rules adopted on Gov. Phil Murphy’s last day in office, stepping up their defense against a program that they’ve long said will cripple development throughout the state.

P3 pitches ‘World of Blue’ as destination for corporate hosts, VIP travelers to World Cup

With renovations underway at the rebranded World of Blue hotel in East Rutherford, its owner has set its sights on affluent travelers bound for this summer’s FIFA Men’s World Cup.

Newark Regional Business Partnership launches Real Estate Council with industry heavyweights

The Newark Regional Business Partnership, the longtime host of a signature commercial real estate event, is doubling down on its ties to the industry with a newly formed advisory group.

Hard Rock Atlantic City details latest $50 million renovation to guest rooms, common spaces

The owners of the Hard Rock Hotel & Casino Atlantic City have launched the latest phase of a multiyear renovation with a $50 million update that’s now underway at the property.

With World Cup looming, P3 charges ahead with $100 million update of Meadowlands hotel

A developer’s full-scale update of a landmark hotel in East Rutherford is quickly moving ahead with just months to go until MetLife Stadium welcomes the FIFA Men’s World Cup.

Real Estate NJ’s 2026 Market Forecast

Even with stretches of volatility in 2025, it was clear to many of our industry experts that capital and confidence had returned to the market in a way not seen in several years. That sets the stage for what could be a stronger and perhaps smoother 2026, one marked by conviction in fundamentals rather than cautious optimism. You can read all about it in our 2026 Market Forecast, which features a distinguished list of commercial real estate experts and predictions on everything from leasing and lending to affordable housing, energy and capital markets.
You can read all about it in our 2025 Market Forecast, which features predictions and insights from some of the state’s leading voices in commercial real estate.