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New York & Tri-State  + New Jersey  + Hospitality  |  February 23, 2023
JLL Hotels & Hospitality closed the sale of a pair of Marriott-branded hotels in the Port Imperial development in Weehawken, NJ
Paul Bubny
By: Paul Bubny

JLL Closes Sale of Two Marriott-Branded Weehawken Hotels

JLL’s Hotels & Hospitality Group closed the sale of two Marriott brand hotels totaling 372 keys along the Hudson River in Weehawken, NJ. The sale price was not disclosed. 

JLL represented the seller, Veris Residential, in the all-equity sale to Navika Capital Group, LLC. The hotels were offered unencumbered by management. 

The portfolio includes the 208-key EnVue Autograph Collection Port Imperial and the 164-key Residence Inn Port Imperial. The hotels, which opened in 2019 and 2018, respectively, operate under one building complex at the center of the $4-billion mixed-use development that is in the final phases at Port Imperial.  

The property features a collective 15,000 square feet of outdoor space, more than 27,000 square feet of meeting and conference space, a fully equipped fitness center and unobstructed views of the New York City skyline. 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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