An institutional investor has acquired a 244-room hotel in Hasbrouck Heights, in a nearly $19 million sale arranged by Marcus & Millichap.
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.
Real Estate NJ’s 2020 Market Forecast
A new year is upon us, bringing new opportunities and new uncertainty for New Jersey’s commercial real estate market. To make sense of it all, we recruited some of the industry’s most influential professionals, developers and thought leaders to share their predictions for the year ahead. You can find those insights and more in our special 2020 Market Forecast.
Whippany motel fetches $4 million, Newmark says
A motel and restaurant property in Hanover has changed hands for just over $4 million, under a newly announced transaction by Newmark Associates.
Meadowlands chamber unveils new headquarters, meeting space of the future
The Meadowlands Chamber has opened the doors to a new headquarters and visitors center in Lyndhurst, debuting a space with high-end technology and modern meeting rooms that will help expand the resources for businesses in the region.
Joint venture, Marriott open 159-room high-end Montclair hotel (UPDATED)
A development group has completed Montclair’s first ground-up, full-service hotel in more than 80 years, debuting a new 159-room Marriott property in the community’s popular downtown.
Hollister tapped to oversee construction at new Morristown hotel
The developer of a planned boutique hotel in downtown Morristown has retained Hollister Construction Services as its construction manager.
Sanzari names general manager for 50-acre Glenpointe campus in Teaneck
Alfred Sanzari Enterprises has named a new general manager for Glenpointe, its flagship office and hotel campus in Teaneck.
Developers of high-end Montclair hotel ink $37.5 million bridge loan
The developers of a new 159-key Marriott hotel in downtown Montclair has secured a $37.5 million bridge loan, under a transaction arranged by PMZ Realty Capital LLC.
Morris, Jingoli look to build on Hard Rock’s first year in Atlantic City
As they mark the anniversary of the debut of the Hard Rock Hotel & Casino Atlantic City, the property’s well-known local partners are seeking to build on a successful first year in business and in the community.
Ballet company takes the stage at New Brunswick PAC
Future tenants of the New Brunswick Performing Arts Center are already making themselves at home, even as construction continues at the high-profile development project.
