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.

Development group crafting plans for Freehold Raceway after acquiring iconic horse track

A development group has acquired the historic Freehold Raceway property, marking a first step toward repurposing the horseracing track after it succumbed to years of declining business.

Hotels Unlimited unveils new-look Hilton Garden Inn Lakewood after $5 million refresh

Hotels Unlimited Inc. has reopened its Hilton Garden Inn Lakewood, following a $5 million renovation of the 110-room hotel on Route 70.

Paterson’s Art Factory, long eyed for adaptive reuse potential, back on the market for sale after acquisition by Procida

The historic Art Factory complex in Paterson is on the market for sale, as investors and city officials seek a buyer to help achieve a long-awaited redevelopment plan for the site.

JLL: Hilton Short Hills owner seeking buyer for 314-key property

The 314-key Hilton Short Hills, a well-known property and business destination in one of the state’s top suburban locations for office space, is on the market for sale.

Jersey Shore surf shop Jetty expanding with 3,400 sq. ft. deal at Pier Village, Pierson says

Surf apparel brand Jetty is coming to Pier Village in Long Branch, where it’s leasing nearly 3,400 square feet from Kushner under a deal arranged by Pierson Commercial.

Renovated 84-key hotel in Flemington changes hands in Berkadia-brokered deal

JDK Management Co. has sold a recently renovated, 84-key hotel in Flemington, in a newly announced deal by Berkadia.

Going public: New phases taking shape at The Park as Connell’s plan for resort-style, community-facing campus advances in Berkeley Heights

The Park in Berkeley Heights is entering a new phase, with its office space now fully renovated and construction underway on new residential, retail and hospitality segments that will create a new town square for workers and residents alike. And The Connell Co. has already taken steps toward opening the campus to the public — from social events to gym memberships — all with a level of branding and merchandising that is unlike what you’d find at other commercial properties in the state.

What’s old is new

As you’ll read in this month’s cover story, The Connell Co. is entering a new phase of its decade-long, $500 million update of its 185-acre campus along Interstate 78, with construction underway on new residential, dining and entertainment spaces that will create a town square for workers and residents alike. Connell has already taken steps toward opening the corporate park to the public — offering gym memberships and nighttime social events inside its renovated office space — all with a level of branding and merchandising that is unlike anything seen at other commercial properties in the state.

Ironstate, Pegasus unveil renovated hotel in Harrison, marking property’s 10-year anniversary

The developers of an extended-stay hotel in Harrison — a key piece of the town’s redevelopment efforts — have marked its 10-year anniversary while debuting a multimillion-dollar renovation.

Kennedy Funding inks $1.7 million land loan for Dominican Republic resort project

Kennedy Funding has closed a $1.7 million land loan to the firm behind a planned luxury resort property in the Dominican Republic.