
Holiday Inn Hasbrouck Heights – Meadowlands
283 New Jersey 17, Hasbrouck Heights, NJ, 07604, US
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 113-room Courtyard Wall at Monmouth Shores Corporate Park (the “Hotel” or “Property”). This offering represents the opportunity to acquire a premium branded, institutional-quality asset in a market with visitation performance that has been consistently increasing. Monmouth County is a hub for key sectors including tourism and entertainment, boasting 27 miles of coastline, the PNC Bank Arts Center, Monmouth Park racetrack, and more.
The Hotel, which is being offered unencumbered of management, presents a new owner/operator with the capability to revamp operational strategies of the Hotel, implement strategic cost control initiatives and employ more aggressive revenue management strategies. This investment opportunity allows for a buyer to acquire a Marriott flagged hotel with renovation upside in a market with diversified demand and a consistent leisure component.
· Highly Desirable Marriott Brand Affiliation
· Strong and Consistent Superiority to Competitive Set
· Fee Simple Hotel Offering
· Unencumbered by Management and Debt
· Yielding High Cash Flows
· "Hollywood of the East"