Hospitality & Tourism
Procida’s 100 Mile Fund achieves 2022 net income of $11.6 million, 9.5 percent return
The long-running 100 Mile Fund managed by Procida Funding LLC achieved net income in 2022 of $11.6 million, the firm announced, representing a net return to investors of 9.5 percent.
Blatstein details $50 million room, common area renovation at Showboat
The owner of Showboat in Atlantic City is detailing plans for a $50 million renovation as construction continues on a massive indoor water park at the iconic Boardwalk property.
The best of The Briefing 2022
We’re always excited to look ahead to a new year in New Jersey commercial real estate. First, however, please join us in looking back at our top stories of the year, including our most-read items and a few editor’s picks. Happy New Year and best of luck!
Veris completes sale of Hyatt Regency Jersey City to Taconic, HEI
Veris Residential Inc. has completed its sale of the Hyatt Regency Jersey City, as the real estate investment trust continues to shed properties outside the luxury apartment sector.
Newly renovated Somerset County hotels change hands for $36 million
An investment manager has purchased two Somerset County hotels with a combined 234 rooms, having secured more than $30 million in acquisition financing for the transaction.
