DoubleTree By Hilton Mahwah, NJ

UNDER CONTRACT

• Fee simple interest in the lender-involved, non-union 139-room DoubleTree By Hilton Mahwah offered at a fraction of replacement cost
• Property is offered for sale in the September 5-7th auction event with Ten-X
• Available unencumbered of debt and management with the ability to retain the DoubleTree flag via a long-term relicense agreement through Hilton
• Alternative option to potentially convert to a Hilton Garden Inn
• Unique opportunity to acquire a core-branded, fee simple asset situated on over five acres
• Located in the high barrier to entry market of Bergen County – part of the broader New York City metropolitan area
• Strong operational upside following a significant renovation and re-concept of the full-service restaurant Tavern 17, offering indoor/outdoor seating
• One of only two full-service hotels within Mahwah – presenting a unique opportunity for a prospective owner to further reposition the asset and better leverage the unique positioning of the property within the market
• Ideally situated near the convergence of Interstate 287 and Route 17, a location passed by upwards of 50,000 vehicles daily
• Readily accessible to all regional demand, including UPS World Technology (HQ), Jaguar Land Rover North America (HQ) the New York Stock Exchange data center, Bergen Community College & Performing Arts Center, MetLife Stadium, West Point United States Military Academy, and the American Dream
• Bergen County is home to several Fortune 500 companies, including Quest Diagnostics, ADP, Express Scripts, Stryker Corporation, Beckton Dickinson, Cognizant Technology Solutions, and Zoetis