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.

Deals
Mixed-use parcel near Rowan University sold, slated for redevelopment

The site of a former catering hall in Glassboro is now slated for redevelopment after a sale arranged by brokers with Vantage Commercial.

Finance & Capital Markets
Developers land $94 million financing package for revival of iconic Paterson stadium

A development team has closed on more than $90 million in financing for a project that centers on restoring Paterson’s historic Hinchcliffe Stadium.

Finance & Capital Markets
Kennedy Funding closes $2.3 million loan for beachfront tract in Dominican Republic

Kennedy Funding has completed another loan in the Caribbean, closing $2.3 million in financing to the owners of more than 60 beachfront acres in the Dominican Republic.

Hospitality & Tourism
Bell Works expands dining, entertainment amenities with new rooftop bar

Somerset Development has opened a new rooftop bar at its flagship Bell Works complex in Holmdel, marking the latest amenity at the 2 million-square-foot mixed-use property.

Hospitality & Tourism
Newark Symphony Hall shows off plans for façade, streetscape makeover

Newark Symphony Hall has unveiled designs for an upcoming exterior renovation as part of a five-year, $50 million renovation project to restore the historic venue.

Hospitality & Tourism
Hard Rock announces $20 million upgrade for Atlantic City hotel, casino

Renovations are coming to nearly 100 suites at the Hard Rock Hotel & Casino Atlantic City as part of a newly announced, $20 million investment at the boardwalk property.

Hospitality & Tourism
Blatstein details plan for 100,000 sq. ft. entertainment space at Atlantic City’s Showboat

The owner of Atlantic City’s Showboat property has unveiled plans for an expansion that will create New Jersey’s largest arcade, a sports bar and other offerings at the former casino.

Government & Public Policy
ACDEVCO, stakeholders secure $680,000 award for Atlantic City neighborhood plan

Business leaders have secured nearly $700,000 in state funding for Atlantic City’s Chelsea neighborhood, supporting everything from streetscape improvements to outdoor fitness classes.

Government & Public Policy
FMERA: Developer buys Fort Monmouth bowling alley, plans modern entertainment venue

A local developer has acquired a former bowling center at Fort Monmouth and is now preparing to renovate and reopen the facility as a new entertainment venue, state officials said.

Government & Public Policy
State completes sale of Fort Monmouth marina, restaurant property

The operator of a marina and restaurant property at Fort Monmouth has acquired the parcel, following approval by the agency leading the redevelopment of the former U.S. Army post.