Courtyard Wall Township Jersey Shore — Sale in Wall Township, NJ

  • Price: $900
  • Listing type: For sale
  • Asset type: Hospitality Business
  • Location: Wall Township, NJ 07727
  • Year built: 2007

Photos

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Description

JLL's Hotels & Hospitality Group, as sole and exclusive agent for the owner, has been retained to offer for sale the fee simple interest in the 113-room Courtyard Wall at Monmouth Shores Corporate Park (the "Hotel" or "Property"). This offering represents the opportunity to acquire a premium branded, institutional-quality asset in a market with visitation performance that has been consistently increasing. The Hotel benefits from its strategic location within Monmouth Shores Business Park, a master-planned development designed for 1.2 million square feet of office and light industrial use, while capturing transient demand from the Garden State Parkway corridor. Monmouth County is a hub for key sectors including tourism and entertainment, boasting 27 miles of coastline, the PNC Bank Arts Center, Monmouth Park racetrack, and a robust wedding market supported by five venues and country clubs within a five-mile radius. The market's growth trajectory is further bolstered by Netflix Sound Studios, a $900 million, 292-acre production facility currently under development that will drive significant corporate and crew lodging demand. The Hotel's strong competitive positioning is evidenced by its trailing twelve-month RevPAR Index of 115 and market ranking of #2 out of 6 hotels in its competitive set. Being offered unencumbered of management, the Property presents a new owner/operator with the capability to revamp operational strategies, implement strategic cost control initiatives, and employ more aggressive revenue management strategies. This investment opportunity allows a buyer to acquire a Marriott-flagged hotel with renovation upside in a market with diversified demand generators and a consistent leisure component.

Market Context

This hospitality in Wall Township, NJ is listed for sale at $900. The building dates to 2007. Compare it against other hospitality listings for sale in Wall Township, NJ — view the full market.

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