Map pin595 Martinsville Road, Bernards, NJ, 07920, US

Courtyard Basking Ridge

Courtyard Basking Ridge _Immobilie zu verkaufen

Eigenschaften

Anzahl der Einheiten
235
Baujahr
2001
Grundstücksfläche brutto
7,96 Hektar

Beschreibung

JLL’s Hotels & Hospitality Group, as sole and exclusive agent for the owner, has been retained to offer for sale a fee simple interest in the 235-room Courtyard Basking Ridge. The Courtyard Basking Ridge is a rare receivership sale opportunity for a property with substantial untapped potential. The Hotel, which is currently operated by Marriott, is being offered to qualified investors as a franchise for the first time, allowing for an operator to have hands on control. The Property is currently underperforming, achieving nearly $8 million in room revenues while ranking near the bottom of its competitive set in occupancy and ADR, presenting immediate upside potential for an experienced operator. A targeted renovation program would position the Hotel to better capitalize on the robust corporate demand in the area, particularly given the Courtyard brand’s strong appeal to business travelers. Post-renovation, the Property would emerge as the finest product in the market, enabling it to capture both premium rates and increase occupancy helping exceed its competitive set’s current RevPAR of $122.63 and the Courtyard's 2019 RevPAR of $128.37.


...

Investment-Highlights

  1. Marriott Franchise Conversion
  2. Receivership Sale
  3. Value Add through Renovation
  4. High Barriers to Entry
  5. Fee-Simple
  6. Competitive Set RevPar at $120+
  7. In-place cash flow
  8. 2026 FIFA World Cup Business
Courtyard Basking Ridge  4_Immobilie zu verkaufen
Courtyard Basking Ridge  4_Immobilie zu verkaufen
Courtyard Basking Ridge (0 Objekte)

Makler kontaktieren

Haben Sie Fragen zu diesem Thema? Besuchen Sie unsere FAQ.
FAQ anzeigenArrow Right
JLL kann Sie bei der Finanzierung und Verwaltung Ihres Portfolios unterstützen. Kontaktieren Sie uns noch heute, damit wir gemeinsam Ihre Ambitionen verwirklichen können.
Zuletzt aktualisiert
31. Juli 2025