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 January 2020...

Mobile Technology: Meeting Tech Expectations

What once seemed futuristic is now the norm, owing to the escalating developments in mobile technology, and hotels must continue to innovate in order to meet guest expectations. In a recent study from Mower, 65 percent of guests said they would gladly pay more for a hotel that provides the mobile technology they deem essential. The same study shows that 44 percent of travelers are more likely to book a smart hotel, and nearly 7 in 10 want to use smart devices provided by the hotel. And how do guests wish to use all this technology? A majority expressed a desire for mobile check-in and check-out, and mobile payment options. They also want to be able to stream content from their phone to the TV; to make service requests of the hotel staff; to control in-room lighting, temperature and sound; to order food and beverages; and to request a wake-up call - all from their mobile device. Guests also expressed preferences for robust wi-fi and convenient device charging ports throughout the hotel. They also appreciate the use of hotel branded apps which allow a guest to book a room, access loyalty programs, receive discounts and rewards, and even use the app to choose the room, floor and view they prefer. Some hotel apps also allow a customer to track their charges throughout their stay, rather than waiting to receive a bill at the end. Finally, mobile tech lounges are popping up more frequently in some hotels. These lounges offer guests the opportunity to perform tasks like airline check-ins or access to local info guides, but they also provide a place where guests can comfortably get some work done outside their room. The January Hotel Business Review will report on what some hotels are doing to meet their customers' expectations in the mobile technology space.