Hunter Hotel Advisors Represents Rockwood Capital, Llc in Sale of Courtyard by Marriott in Cranbury, New Jersey

USA, Atlanta, Georgia. January 07, 2019

Hunter Hotel Advisors - the nation's leading investment advisory firm focused exclusively on the hotel industry - announced today that an affiliate of Rockwood Capital, LLC sold the Courtyard by Marriott in Cranbury, NJ to Canon Hospitality Management.

The Courtyard was built in 2001 and has 144 rooms. Amenities include a restaurant, indoor pool, fitness center and event rooms.

Canon Patel, Managing Member of Canon Hospitality Management, said of their purchase: "We are thrilled to add another upscale hotel to our growing portfolio."

Trey Scott, Senior Vice President, Hunter Hotel Advisors: "Canon brought a high level of industry knowledge to the table, and their partnership with Hunter is valued by our entire team. Rockwood Capital is a first-class organization; they worked very hard to help create a smooth closing process for all parties."

"This is the 4th hotel Hunter sold for Rockwood in 2018. Their institutional-quality portfolio and sophisticated business style allowed the deal to move seamlessly through closing." - Teague Hunter, President, Hunter Hotel Advisors.

This property is in a prime location off I-95 and the New Jersey Turnpike, only 10 miles from Princeton University and many other attractions and businesses, giving the new owner a steady income-generating asset.


Courtyard by Marriott, Cranbury, New Jersey
Courtyard by Marriott, Cranbury, New Jersey
/ SLIDES

About Hunter Hotel Advisors

Media Contact:

Cece Loft
Marketing Director
Hunter Hotel Advisors
T: 770-916-0300
E: cece.loft@hunterhotels.net
W: http://www.hunterhotels.net

Subscribe to our newsletter
for more Hotel Newswire articles

Related News

Choose a Social Network!

The social network you are looking for is not available.

Close
Coming up in September 2019...

Hotel Group Meetings: Uncommon Destinations

The last few years have been good to the Hotel Group Meetings industry and that trend is expected to continue into 2019. Planners are brimming with confidence due to an expanding economy and increased job creation, which typically results in a boost in corporate meetings. Given this promising outlook, planners are trying to outdo themselves to satisfy the high expectations of their clients. One notable trend is to integrate unusual settings into the meeting experience, hosting groups at local zoos, aquariums, museums, event centers, or other outdoor facilities. The goal is to embrace uncommon destinations, rather than a typical hotel conference room, so that meetings can be memorable, unique and stimulating. This is also part of another trend which is to support all things local - from hosting events at landmark city venues; to catering through local restaurants, food trucks and microbreweries; to hosting off-site excursions like agri-tours, athletic events or scenic 5k routes. However, though the setting might be spectacular, there are still some bedrock components that must be provided to ensure a successful meeting. Free, high-speed Wi-Fi is still one of the most requested services. Planners have to make sure that a comprehensive communication infrastructure is in place so clients can easily connect - and stay connected - to the network throughout the entire meeting experience. Also, technology tools can be used to streamline the booking, registration, and check-in process, and Radio Frequency Identification (RFID) materials can be utilized to ensure seamless access to conference events. There are also numerous software tools that encourage audience participation, as well as integrating polls, Q&A, surveys and games into speakers' presentations. The September Hotel Business Review will examine issues relevant to group meetings and will report on what some hotels are doing to promote this sector of their operations.