Opportunity to acquire the 192-guestroom Holiday Inn in Clark NJ8The Hotel is a six-story, 192-guestroom full-service hotel featuring a well-equipped fitness center, heated outdoor pool, on-site restaurant and lounge, and business center.
The Hotel is strategically situated in Clark South of Newark NJ Airport, which has travelers all over the world of roughly 4,000,000 per year pass through this airport. The Hotel is in excellent location is its location right next to the exits of NJ Garden State Parkway.
The Hotel is only 15 minutes to Newark International Airport and also in close proximate to Manhattan NYC approximately 30 minutes to Downtown Manhattan.
The fee-simple ownership interest in the Holiday Inn Clark NJ provides an excellent investment opportunity, as the Hotel is a superior product well below the cost of replacement.
Additionally, the property recently underwent a significant renovation in 2019 to reposition itself as a Holiday inn full service hotel. The Hotel will maintain this affiliation with InterContinental Hotel Group (“IHG”) a leading global brand with over 2,200 properties worldwide.
South of NJ Newark International Airport
Walnut Ave. and Valley Road. Clark Union NJ
Next to major highway NJ Garden State Expressway
192 beds / keys plus 250 parking spaces
Full service
135,000 sq. ft. hotel building with many amenities
Asking $35 millions