Hunter Advisors has been exclusively retained to solicit offers for the acquisition of the 184-key Courtyard by Marriott Montvale (the “Hotel” or “Property”), a premier, recently renovated, institutional-quality Marriott-branded asset strategically positioned immediately off the Garden State Parkway within Bergen County’s dominant corporate corridor.
- $4.0M ($21,700 per key) renovation completed in 2024 focused on guestrooms, corridors, lobby, and public spaces
- Strong post-renovation performance resulting in a TTM February 2026 RevPAR of $109 with clear upside potential through continued ramp and operational optimization
- In-place cash flow offering an investor immediate yield
- Located in a bustling corporate market anchored by KPMG’s 281,000-square-foot campus and complemented by the headquarters of Benjamin Moore, LG Electronics America, Sharp Electronics, and Stryker Orthopedics
- Situated proximate to the North American headquarters of Jaguar Land Rover, Volvo Car USA, BMW of North America, and INEOS Automotive
- Long-term lease in place with Fire & Oak, a full-service restaurant located on the ground floor providing a consistent ancillary income stream
- Minimal change-of-ownership PIP
- Institutionally owned and managed
