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.

Hospitality & Tourism
Bailey details plan to transform Monmouth Park with residential, hotel and community spaces

Real estate magnate Morris Bailey has unveiled plans for a sweeping mixed-use development on some 80 acres alongside Monmouth Park, in a project that is decades in the making and long seen as a key to the future of the iconic Jersey Shore racetrack.

Government & Public Policy
New 550-seat theater for New Jersey Symphony coming to Toll Bros. site in Jersey City

The New Jersey Symphony has found a new permanent home, with plans to occupy a 44,000-square-foot theater within a prominent Tolls Brothers Inc. development in Jersey City.

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.