36 Valley Rd - Hospitality FOR SALE


Clark, NJ 07066
$35,000,000 USD
917-328-3611
36 Valley Rd, Clark, NJ for Sale
$35,000,000 USD
Hospitality - FOR SALE
1/6
null | 8% Cap Rate

36 Valley Rd
Clark, NJ 07066


OVERVIEW

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

FOR SALE DETAILS

PRICE

$35,000,000 USD

PRICE/SF

$266 USD /SF

# OF ROOMS

192

PRICE/ROOM

$182,292 {currency}

CAP RATE

8%

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holiday Inn Clark Newark Area

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

6

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1960

PARKING SPACES

206

LAND DETAILS

LAND ACRES

5 AC

LAND SF

217,800 SF

ZONING

COH, Clark Twp

APN/PARCEL ID

020015400000000301T01

ASK ABOUT THIS PROPERTY

Simon LouHotel Real Estate GroupMore Info
917-328-3611

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Simon LouHotel Real Estate GroupMore Info
917-328-3611

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.