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.

Denholtz acquires 26-acre Fort Monmouth parcel, plans $60 million redevelopment

An affiliate of Denholtz Properties has closed on 26 acres at Fort Monmouth, where it’s planning nearly 270,000 square feet of high-end commercial, technology and food and beverage space.

Kennedy Funding lends $3 million for Florida hospitality, entertainment project

A developer has acquired more than 100 acres along Florida’s Gulf Coast thanks to a newly completed, $3 million loan provided by Kennedy Funding.

Buyer wanted for well-known Meadowlands hotel, JLL says

A well-known hotel in East Rutherford is on the market for sale, brokers with JLL announced, touting its highly visible location and the potential to convert it to a residential building.

JLL: Developer lands $116 million construction loan for Montvale redevelopment

A large mixed-use development at the site of the former Mercedes-Benz campus in Montvale is moving ahead with the help of a $116 million construction loan, according to brokers with JLL.

Celebrity chef comes to rooftop restaurant in Port Imperial, Roseland says

A celebrity chef has brought his brand and cuisine to the rooftop restaurant at Roseland Residential Trust’s new waterfront hotel in Weehawken.

Upscale Asbury Park hotel set to reopen after COVID shutdown

A luxury hotel along the Asbury Park waterfront is set to reopen after being closed due to the coronavirus outbreak.

Caesars, VICI selling Bally’s Atlantic City for $25 million

Caesars Entertainment Corp. and VICI Properties Inc. have agreed to sell the Bally’s Atlantic City Hotel & Casino, further reducing Caesars’ footprint in the resort town.

Mack-Cali details rent collections, construction activity during pandemic

Rent collections for Mack-Cali Realty Corp.’s office and residential holdings have held strong thus far, as the company works with tenants to navigate the COVID-19 economic crisis.

Mack-Cali donates $100,000, hotel rooms to Jersey City hospital staff treating COVID-19

With Jersey City Medical Center on the front lines of the COVID-19 crisis, Mack-Cali Realty Corp. has donated a block of area hotel rooms to support health care workers at the hospital.

JMF Properties brings major retail tenants to NJ

JMF Properties, one of New Jersey’s leaders in residential and commercial redevelopment, has emerged from 2019 with a growing roster of brand-name retail and hospitality tenants.