Homewood Suites Dover Rockaway

JLL’s Hotels & Hospitality Group, as sole and exclusive agent for the owner, has been retained to offer for sale the fee simple interest in the 108-room Homewood Suites by Hilton Dover Rockaway (the “Hotel” or “Property”). This offering presents a unique opportunity to acquire a 2019 renovated Hilton extended stay asset with strong in-place cash flows and significant upside potential in a high barrier-to-entry market just 40 miles from New York City.

The Homewood Suites benefits from its prime location in Rockaway, New Jersey, a highly desirable area of Morris County. Rockaway's strategic positioning approximately 40 miles west of Manhattan offers convenient access to New York City via NJ Transit's Morris-Essex Line, as well as major roadways like I-80, I-287, and Route 46. This affluent region is anchored by the Rockaway Townsquare Mall and benefits from its proximity to numerous corporate headquarters. Morris County, with a population around 509,000, boasts a strong business ecosystem attracting a skilled workforce to the professional services, finance, and technology sectors. Several Fortune 500 companies are headquartered in the area, including Honeywell International in Morris Plains, and major corporations such as Bayer Healthcare and Covanta Energy maintain offices in the county seat of Morristown. With a median household income significantly above the state average, Morris County's economic stability and accessibility make it an attractive location for businesses and commuters alike.