- Leasehold interest in the institutionally owned and previously Wyndham managed 176-room La Quinta Inn & Suites Fairfield NJ offered at a fraction of replacement cost.
- Property offered for individual sale in the May 20th-24th Ten-X auction event, as a part of larger institutional portfolio sale.
- Significant operational upside for prospective buyers with a focused local/regional strategy and market knowledge
- Property offered with very advantageous PIP treatment transferrable to Buyer
- Ability for qualified buyers to retain the Wyndham flag upon completion of the pre-negotiated La Quinta Inn & Suites change of ownership PIP
- Adjacent to Interstate 80 and along Route 46, a heavily trafficked commercial corridor where approximately 120,000 vehicles pass daily
- Ideally located and easily accessible to all core Essex County demand including Willowbrook Mall, St. Joseph’s Regional Medical Center, BAE Systems, Richo Corporation, Kyocera America, Montclair State University, William Patterson University, Meadowlands Sporting Complex, and American Dream
- Proximate to all major regional transportation hubs including Newark Liberty National Airport, John F. Kennedy Airport, LaGuardia Airport and The Port Authority of New York / New Jersey
- Ideally located and easily accessible to all core New York City demand generators and home to more than 8MM residents