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.

Residential & Mixed Use
VIDEO: New Brunswick PAC project rising in Hub City

Following demolition last summer and a groundbreaking last fall, a $172 million, mixed-use project anchored by a new performing arts center is quickly rising in downtown New Brunswick.

Finance & Capital Markets
Procida: $58 million funding deal spurs Philadelphia opera house rehab

A developer is set to restore the historic Metropolitan Opera House in Philadelphia with the help of $58 million in financing arranged by Procida Funding, an Englewood Cliffs-based firm.

Hospitality & Tourism
Holmdel OKs plan for rooftop hotel at Bell Works

Local officials have cleared the way for Somerset Development to build a new 200-room hotel atop Bell Works, its adaptive reuse of the iconic Bell Labs complex in Holmdel.

People
Sanzari promotes project manager to director role

A project manager at Alfred Sanzari Enterprises has earned an expanded role and a new title after more than a decade with the firm’s construction department.

Top News
New hotel project will be a welcome, high-profile addition to Sanzari campus in Teaneck

A new dual-branded hotel will be the latest piece of Alfred Sanzari Enterprises’ mixed-use Glenpointe complex in Teaneck, creating a new offering for the business campus while tapping into the demand for new hotel rooms outside Manhattan.

Office
In Bridgewater, SJP is meeting the needs of today — and tomorrow

In addition to searching for new development opportunities, SJP Properties is focused on ensuring that its existing buildings stay at the top of the market.

Hospitality & Tourism
Sanzari nearing completion of dual-branded hotel in Teaneck

A new dual-branded hotel for leisure and business travelers is only months away from opening at Glenpointe, Alfred Sanzari Enterprises’ mixed-use business complex in Teaneck.

Hospitality & Tourism
Ex-Revel owner still has big plans for Atlantic City, report says

The developer who just sold the shuttered Revel Casino Hotel says he’s still looking to have a major role in Atlantic City, where he reportedly still owns dozens of properties.

Hospitality & Tourism
Revel sold for $200 million, slated to reopen this summer

An investment group has paid $200 million to acquire the former Revel Casino Hotel in Atlantic City, with plans to renovate and reopen the nearly six-year-old property this summer.

Editor’s Note
Coming soon: Industry Roundups from Real Estate NJ

In the days and weeks ahead, we will introduce a new addition to Real Estate NJ aimed at zeroing in on the major asset classes and service sectors in the Garden State. Known as Industry Roundups, the new e-blasts will highlight the top headlines and stories in each field, giving you a chance to catch up on all the latest news in a way that’s tailored to a specific part of the industry.