- Fee-simple interest in 100-room TownePlace Suites by Marriott located in Clinton, NJ, well located along the I-78 corridor
- Modern, high-quality property opened in 2019, featuring a strong in-place RevPAR approaching $100, supported by consistent extended-stay demand and a balanced mix of corporate and leisure guests
INVESTMENT HIGHLIGHTS
- Significant operational upside in both revenue and profitability given the hotel is not currently professionally managed
- Strong in-place revenue and income base for accretive growth and broader financing options
- Offered at a discount to replacement cost in a high barrier market
- Additional opportunity to buy adjacent ~5-acre land parcel entitled and permitted for banquet facilities and retail/restaurant pads
STRONG AND DIVERSE DEMAND GENERATORS
- Strategically located near major corporate demand drivers including Unity Bank (HQ), BASF, ExxonMobil, Clinton Business Park
- Strong leisure market appeal due to proximity to popular attractions, including the historic Red Mill Museum Village, Spruce Run Recreation Area, and the Hunterdon Art Museum
- Convenient access to regional education institutions, including Raritan Valley Community College, Centenary University, and Lafayette College
- Surrounded by significant healthcare facilities with over 1,400 beds between Hunterdon Medical Center, St. Luke’s Hospital Warren Campus, RWJ University Hospital Somerset, and Morristown Medical Center
- Hotel is less than 45 minutes from Newark Liberty International Airport and proximate to other New York Metro airports including John F. Kennedy International Airport and LaGuardia Airport, which collectively served over 140 million passengers last year
- Capitalizing on market uplift, as New York City Tourism and Convention reported over 65 million visitors in 2024—a 23% year-over-year increase—with 2025 visitation forecasted to exceed 68 million