Sanjay Gupta
Hospitality Asset Sale Specialist and Advisor
Phone 973-244-5997
Fax 973-244-5998

Flag With Times Commercial Realty

View Sanjay Gupta's profile on LinkedIn

Approved Hotel Site for Sale in New Jersey

South Jersey site approved to build 70 rooms. The site is close to major governmental establishments.

Asking price 1,500,000 Reduced to $999,999.

  • The Site is over 2 acres in South Jersey and approved to build a 70 room hotel.
  • Hilton or Marriott brand suggested for 95 rooms owner would cooperate with the approvals.
  • Major governmental establishment in the city.
  • Close to international airport.
  • Site excavation done and construction pad is ready.
  • All the utilities up to the site.
  • Location good for Marriott or Hilton brand and the room count can be expanded to about 95.
  • City only has Marriott and Hilton brand hotels.
  • Construction loan for the site already approved and available to the qualified buyer.
  • Property has 5 years tax abatement

Expected ADR for 2012, Occupancy Rate and RevPar for newly constructed hotel in the town where the site is :

  ADR Occ RevPar
Mid Market brand $89 73% $65
Hilton/Marriott brand $119 87% $103


Detailed financial package available to qualified and serious buyers only.