JLL Closes Sale of Two Marriott-Branded Properties in New Jersey

New Jersey

NEW YORK– JLL’s Hotels & Hospitality Group revealed that it has actually closed the sale of 2 Marriott brand name hotels amounting to372secrets along the Hudson River in Weehawken, New Jersey.

JLL represented the seller, Veris Residential, in the all-equity sale to Navika Capital Group, LLC. The hotels were used unencumbered by management.

The portfolio consists of the 208- crucial EnVue Autograph Collection Port Imperial and the 164- essential Residence Inn Port Imperial. The hotels, which opened in 2019 and 2018, respectively, run under one structure complex at the center of the $4 billion mixed-use advancement that remains in the last stages at Port Imperial. The home has a cumulative 15,000 square feet of outside area, over 27,000 square feet of conference and conference area, and a physical fitness.

Adjacent to the Port Imperial Ferry Terminal, the hotels supply visitors with access to Manhattan through the NY Waterways ferryboat. As an outcome of this connection, visitors can quickly check out New York’s tourist attractions, consisting of Hudson Yard, The High Line, Penn Station, Wall Street, The Battery, New York City Hall, The One World Trade Center, and more. The hotels are near to Newark Liberty International Airport.


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