Capital Insight buys the 198-room Doubletree Jersey City Hotel for $61.5M ($310,606/room), CMBS Loan Gets Assumed

9/20/2024

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CRE Direct

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• Subcategory: Capital Markets: Debt, Hospitality: Hotel

• Tag: Default | Foreclosure | Sale

• Additional Filters-Subcategory: Capital Markets: Debt-CMBS

• Additional Filters-Tags: Loan Assumption, Loan Extension, Sale: Investment, Sale: Single Property

• Company: Hilton (NYSE: HLT)

The 198-room Doubletree Jersey City hotel in Jersey City, N.J., has been acquired by Capital Insight for $61.5 million, or $310,606/room, in a deal that involved its assumption of a long-troubled $60 million CMBS loan.

Capital Insight

Ryan Sobel | VP, Real Estate

[email protected]

818-857-7848

New Jersey

Hospitality

Capital Insight buys the 198-room Doubletree Jersey City Hotel for $61.5M ($310,606/room), CMBS Loan Gets Assumed

Capital Insight

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