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.

Finance & Capital Markets
Kennedy Funding closes $2.5 million land loan for 63-acre St. Thomas portfolio

Kennedy Funding, the Englewood-based direct private lender, has closed a $2.5 million cash-out refinancing loan to the owner of some 63 acres of property on the Caribbean island of Nevis.

Hospitality & Tourism
P3 Properties buys landmark Meadowlands hotel, eyes rebrand with sweeping update

P3 Properties has acquired a well-known hotel in East Rutherford with plans to revitalize the 21-story, 427-room building and reintroduce it under a new brand.

Food & Beverage
Nielsen, craft beer industry veteran, joins The Park to lead new Emberside Brewery

The Connell Co. has made a key hire to support its growing lineup of dining and entertainment venues at The Park, its flagship business and lifestyle campus in Berkeley Heights.

Cover Story
Culture campus: Newark Museum update marks latest milestone as $100 million mixed-use project takes shape around it

New Jersey’s oldest museum has undergone a significant upgrade, solidifying its commitment to serve as a dynamic cultural hub for the region and beyond. It also is considered the cornerstone of the $100 million, blended-use project that’s poised to link two downtown neighborhoods.

Editor’s Note
Building momentum

The Museum Parc project is now taking shape around The Newark Museum of Art, as you’ll read in this month’s cover story, as a development team constructs two new buildings with a combined 250 mixed-income apartments, ground-floor retail and additional cultural spaces such as a vibrant, glass-enclosed gallery. The construction along Central Avenue is now about 50 percent complete, as anticipation builds for full delivery in early 2027.

Government & Public Policy
EDA backs Liberty Science Center refresh, expansion with $40 million tax credit award

State officials have pledged their support to a planned expansion of the Liberty Science Center in Jersey City — including more than 100,000 square feet of new outdoor exhibition space — under a $40 million project that would also refresh the museum’s indoor offerings.

Government & Public Policy
Morristown’s Mayo PAC poised for $65 million expansion, update with new state tax credit

The acclaimed Mayo Performing Arts Center in Morristown is set to begin a major expansion and renovation after securing a $65 million tax credit award under a new state program.

Hospitality & Tourism
JLL: RiverLink Hotels sells 122-room Courtyard by Marriott on Route 46 in Wayne

A hotel developer has sold a 122-room Courtyard by Marriott property at the nexus of three major highways in Wayne, in a newly announced deal by JLL.

Community
Local leaders, donors break ground on new Bergen County history museum

Construction is underway on a new museum that will showcase Bergen County’s storied history, part of a multiphase project that could also include a pavilion and expanded exhibit spaces.

Featured
Panning out: Film industry’s impact grows as dozens of New Jersey towns, cities emerge as destinations

“A Complete Unknown,” the Bob Dylan biopic starring Timothée Chalamet (left) and Elle Fanning, filmed in 17 New Jersey municipalities in 2024, including Hoboken. — Searchlight Pictures Press Photo By Patricia Alex Filming took place in 20 towns in North…