Berkadia Completes Sale of Hotel in Eatontown, New Jersey
EATONTOWN, NJ – SEPTEMBER 12, 2023 – Berkadia announced today the sale of Homewood Suites Eatontown, a 131-room hotel located in Eatontown, New Jersey. Managing Director Dan Hawkins and Associate Director Jake Pietras of Berkadia Hotels & Hospitality led the sale on behalf of the seller, Jersey Shore Hotel Partners LLC. The buyer was Highline Hospitality Partners, and the deal closed on September 7.
Located at 4 Industrial Way East, the Homewood Suites offers convenient access to the city’s primary commercial and retail corridor, Monmouth University, Monmouth Park, Asbury Park, and miles of Jersey Shore Beaches. Originally constructed in 2004 and having converted from a Staybridge Suites in 2016, the hotel features an all-suite product offering equipped with oversized floor plans and kitchens, a daily complimentary breakfast, fitness center, two meeting rooms, an outdoor swimming pool, grill area, ample parking, and much more.
Berkadia Hotels & Hospitality combines best-in-industry innovation, knowledge, and experience with the most comprehensive suite of products and services, backed by relentless customer service and support to empower clients to capitalize on the right opportunities at the greatest value. The group serves clients across the country, offering a full set of advisory, investment sales, underwriting and loan origination services and products including Life Company, Proprietary Bridge Lending and Capital Markets Advisory Services.