For Sale
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100 International BlvdElizabeth, NJ 07201

Profitable Airport Hotel, Recently Renovated

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 7-story, 85,838 square foot Hampton Inn & Suites offers a unique investment opportunity. Located in Elizabeth, New Jersey, at 100 International Blvd (07201), this hotel boasts 213 keys and sits on a 3-acre lot zoned M-1. Originally built in 2003 and extensively renovated in 2024, the property benefits from a prime location near a major East Coast airport within a premier metropolitan statistical area. The hotel is part of the Hilton network, leveraging their extensive loyalty program and superior booking engine. Amenities include a refreshed lobby bar, indoor pool, fitness center, business center, laundry service, and airport shuttle. The property consistently outperforms competitors in occupancy and the recent renovation positions it to achieve significantly higher average daily rates (ADRs) while maintaining strong occupancy. This institutional-grade investment offers a financeable cash flow with an outstanding cash-on-cash yield opportunity, further enhanced by a decrease in the market's lodging supply. Management availability is also an attractive feature for potential buyers. The property is offered for sale by owner.

Highlights

  • Recently renovated hotel poised for strong performance.
  • High cash flow with excellent cash-on-cash return potential.
  • Premium select-service Hilton hotel with long-term franchise agreement.
  • Excellent location near major airport and a top-tier MSA.
  • Reduced hotel supply in the market.
  • Experienced management company available.

Property Details for 100 International Blvd

Property type
Hospitality properties, Hotels
Square Feet
85,838 SF
Year Built/Renovated
2003/2024
Stories
7
Lot Size (sq. ft)
130,680 SF

Location Insight

City
Elizabeth
County
Union
State
New Jersey
Latitude
40.6628387
Longitude
-74.1766905
100 International Blvd, Elizabeth, New Jersey

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100 International Blvd
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