Highline Hospitality Partners Acquires Homewood Suites by Hilton Eatontown
Highline Hospitality Partners (HHP), the hospitality investment platform launched by Highline Real Estate Partners (HREP), has acquired the Homewood Suites by Hilton Eatontown. The 131-room, extended-stay hotel, which is HHP’s eleventh property, is located in Eatontown, NJ in close proximity to the Jersey Shore beaches, major hospital systems, sports complexes and universities.
Photo by Highline Hospitality Partners
NEW YORK – Highline Hospitality Partners (HHP), the hospitality investment platform launched by Highline Real Estate Partners (HREP), has acquired the Homewood Suites by Hilton Eatontown. The 131-room, extended-stay hotel, which is HHP’s eleventh property, is located in Eatontown, NJ in close proximity to the Jersey Shore beaches, major hospital systems, sports complexes and universities. The hotel is also located near Fort Monmouth, a decommissioned army base that is in the process of undergoing a transformational redevelopment.
Highline Hospitality Partners’ team has more than 60 years of combined experience across sourcing, purchasing, asset-management, renovating, repositioning and selling hospitality properties, and it has operated all classes of hotels.
We are excited to add the Homewood Suites by Hilton Eatontown to our hospitality portfolio. This acquisition represents our first acquisition in the state of New Jersey, and a further diversification of our portfolio with the addition of another extended-stay hotel which brings our total portfolio to 11 hotels comprising approximately 3,200 keys. Highline Hospitality Partners’ Managing Partner, Chuck Pomerantz
The Homewood Suites by Hilton Eatontown was developed in 2004 and features oversized guestrooms (all of which are suites and include a full kitchen and sleeper sofa), complimentary daily breakfast, an outdoor pool and patio area equipped with fire pits and a stone-enclosed grill station, multiple meeting rooms, an oversized fitness center equipped with Peloton equipment, and ample on-site parking. Highline Hospitality Partners selected Avion Hospitality as the hotel’s third-party manager. Founded in 2022 by Robert Burg, Avion’s managed portfolio encompasses 14 hotels with the Homewood Suites Eatontown marking the inaugural partnership between Highline and Avion.
The Homewood Suites by Hilton Eatontown is located at 4 Industrial Way E, Eatontown, NJ 07724. For reservations and more information, click here.
About Highline Hospitality Partners
Highline Hospitality Partners is an operations-oriented investment firm that sponsors and invests in full-service and select-service hotels and resorts throughout the United States. HHP is led by an experienced, cycle-tested principal investment team with deep hotel operating expertise. The firm targets opportunities where it can drive significant value through operational enhancements, strategic capital deployment, and disciplined asset management. HHP combines the judgment and value creation of an experienced strategic buyer with the execution capabilities of an experienced financial buyer. HHP invests its own capital, as well as that of select third-party institutional and ultra-high-net-worth investment partners. The combination of HHP’s investment philosophy and the long-term nature of its funding enables it to match any length of investment horizon that its investment partners might have, including infinite. For more information, please visit www.highlinehp.com.