Hospitality & Tourism
Joint venture acquires 101-year-old Divine Riviera Hotel in Newark, in LRES-brokered deal
A local buyer has purchased a historic and culturally significant hotel in Newark’s Central Ward, in a newly announced deal by Logistics Real Estate Services.
Borgata’s Water Club to become MGM Tower under $55 million redesign, rebrand
Borgata Hotel Casino & Spa has kicked off a $55 million redesign and rebranding of the tower long known as The Water Club, with plans to deliver more than 700 renovated guestrooms and a new collection of high-end suites with wraparound views of Atlantic City.
Murphy calls for five-year phaseout of liquor license cap, tax credit for existing holders
Gov. Phil Murphy has revealed new details of a proposal to update the state’s decades-old liquor licensing program, seeking to balance new economic growth with the interests of existing operators.
Veris sells Port Imperial hotels for $97 million, completing exit from hospitality sector
Veris Residential Inc. has completed its exit from the hotel business after selling two Weehawken properties for a combined $97 million, the company announced this week.
Study: Meadowlands convention center, hotel complex would yield $30 billion over 30 years
A new Meadowlands convention center and hotel complex would generate $30 billion in new spending over 30 years, according to a study revealed Friday by supporters of the proposal.
