INVESTMENT HIGHLIGHTS
HUNTER HOTEL ADVISORS has been engaged to solicit offers for the purchase of the 206-room Courtyard by Marriott Atlantic City Beach Block (the “Hotel” or “Property”) located at 1212 Pacific Avenue, Atlantic City, New Jersey. Situated just one block from the renowned Atlantic City Boardwalk and Atlantic Ocean, the Hotel offers easy access to the city’s premier leisure, gaming, retail, and entertainment destinations, including the Atlantic City Beach, Atlantic City Convention Center, Boardwalk Hall, and Tanger Outlets. This offering presents an attractive opportunity to acquire a recently renovated, Marriott-branded asset in a prime location at a significant discount to replacement cost.
The Courtyard is being offered unencumbered of management, presenting a new owner with the opportunity to realize significant operational upside given the Hotel’s strong physical condition and premier location in one of the most visited resort destinations on the East Coast.
PREMIER LOCATION ONE BLOCK FROM THE ATLANTIC CITY BOARDWALK, BEACH, AND GAMING
Located one block from the Atlantic City Boardwalk, the Hotel benefits from direct access to the market’s primary leisure, gaming, and retail attractions. The Property is within walking distance of the Atlantic City Convention Center, Boardwalk Hall, and the Tanger Outlets, positioning it to capture year-round demand from group and transient leisure guests. The Hotel is also proximate to Caesars, Bally’s, Resorts, and Hard Rock casinos, placing it at the epicenter of the city’s $3.3B gaming industry.
RECENTLY RENOVATED ASSET BEING OFFERED BELOW REPLACEMENT COST
The Courtyard Atlantic City Beach Block completed a $2.4M renovation in 2022 ($11,700 per key), which included comprehensive updates to the lobby, fitness center, meeting space, guestrooms, guest bathrooms, and corridors. Scope of work included new flooring, wallcoverings, lighting, seating, and artwork. This offering presents a rare opportunity to acquire a recently renovated, institutional quality hotel at a significant discount to replacement cost.
STRONG LEISURE AND CONVENTION DEMAND BASE
Atlantic City attracted approximately 27 million visitors in 2024, driven by nine major casinos generating $3.3B in revenue and the convention center hosting 206 events with over 556,000 attendees. This base demand is further supported by a population of 3.7 million residents within a one-hour drive to Atlantic City. The return of the Atlantic City Airshow, one of the highest-attended events on the East Coast, restores a key compression period for the market. In 2025, over 100,000 visitors are expected to attend, creating an opportunity for the Hotel to push rate during peak summer travel season. Additionally, the $3B CASA MAR mixed-use development at nearby Bader Field will deliver 10,000 residential units, 400K SF of commercial space, and 20 acres of public amenities. The project is expected to generate 44,000 construction jobs and up to 10,000 permanent jobs.
LISTING CONTACTS
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ABOUT HUNTER
Hunter Hotel Advisors is the leading investment advisory firm focused exclusively on the hotel industry. Their seasoned team of investment professionals and offices nationwide consistently provide clients with optimal results in hotel brokerage, financial advisory and capital markets services of any size or complexity. With over 45 years of experience in both full and select-service single assets as well as portfolio marketing, the firm’s capacity in valuation, economic analysis, and industry relationships has allowed HUNTER to consistently maximize value regardless of market conditions.
Hunter Hotel Advisors is the founder and producer of the well-known and respected Hunter Hotel Investment Conference. Since their first conference in 1989, they have had a consistent focus on producing an educational and networking format based on real estate and finance for hotel owners.
