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 latest land loan to help spur hotel project in Washington State

Kennedy Funding has closed a $1.28 million land loan to a developer hoping to bring a hotel to a growing residential and tourism area in Washington State.

Hospitality & Tourism
Marriott Saddle Brook debuts first piece of $15 million renovation (SLIDESHOW)

The owner of the 244-room Marriott Saddle Brook has unveiled the first phase of a $15 million renovation of the historic hotel, a familiar sight to motorists in northern New Jersey.

Top News
C&W: Piasecka Johnson Estate sells 222-acre golf course, clubhouse mansion in Princeton

The estate of a well-known family has sold a 222-acre golf course and clubhouse property near Princeton University, in a newly announced deal by Cushman & Wakefield.

Hospitality & Tourism
The New Jersey Hall of Fame opens 10,000 sq. ft. learning center at American Dream

The New Jersey Hall of Fame has unveiled its new 10,000-square-foot Entertainment and Learning Center at American Dream in East Rutherford, providing a permanent home for inductees and a new addition to the sprawling retail and experience destination.

Hospitality & Tourism
JLL: Cardinale seeking partners for massive Adventure Crossing project in Jackson

Cardinale Enterprises is seeking equity partners for a three-phase, 222-acre project in Jackson where plans call for a new convention center, two hotels and hundreds of residential units alongside a host of existing retail space and athletic facilities.

Hospitality & Tourism
Sanzari kicks off multimillion-dollar plan to modernize Glenpointe Marriott

Alfred Sanzari Enterprises has launched a multimillion-dollar update of the Glenpointe Marriott, a key piece of its flagship campus in Teaneck and the site of several major industry events throughout the year.

Retail
ULI awards showcases the best in land use, redevelopment while highlighting ongoing challenges in New Jersey (SLIDESHOW)

Th Urban Land Institute’s Northern New Jersey chapter hosted its largest event of the year, honoring projects, professionals and companies in nearly 20 categories as recipients called for continued cooperation between developers and policymakers.

Hospitality & Tourism
Choice Hotels acquires 2.6-acre site on Somerset’s Easton Avenue, The Goldstein Group says

A global hotel chain has acquired a 2.6-acre land parcel in the Somerset section of Franklin, brokers with The Goldstein Group announced Monday.

Hospitality & Tourism
SpringHill Suites by Marriott property changes hands in Voorhees, JLL says

A private operator has sold a SpringHill Suites by Marriott property in suburban Camden County, according to a brokerage team with JLL.

Events
ULI Northern New Jersey unveils honorees for April awards gala

The Urban Land Institute’s Northern New Jersey chapter has announced the winners of its 2024 Excellence Awards, highlighting a host of projects and professionals involved in land use and development in the state.