HVS analysis of Jersey City's hotel market shows 2025 occupancy at 80% and ADR at $260, with constrained Manhattan supply and residential growth expected to support continued hotel demand.
Taconic Capital Advisors LP (“Taconic”) and HEI Hotels & Resorts (“HEI”), today announced that they have jointly acquired Hyatt Regency Jersey City from affiliates of Hyatt Hotels Corporation (NYSE: H) and Veris Residential Inc. (NYSE: VRE). The property is a full-service, 351-key hotel located adjacent to Exchange Place situated on a pier extending over the Hudson River in Jersey City, NJ.
Canopy by Hilton, Hilton's (NYSE: HLT) lifestyle hotel brand, announced today the opening of Canopy by Hilton Jersey City Arts District, marking the brand's first outpost in the New York City Metropolitan Area. The hotel's arrival will support the robust culture of the Arts District with the area's first truly elevated hospitality offering, providing a new hub for the fast-growing creative community.
Irene Song joins the Jersey City-based property bringing her extensive background in hospitality sales and marketing to the Canopy team. Song received her Bachelor of Arts in Hospitality and Tourism Management from New York University and most recently held the Director of Sales position at two hotels under Boast Hotels portfolio, Red Lion Inn & Suites and Holiday Inn Express.
True North Hotel Group, management company for a new 152-suite Residence Inn by Marriott in Jersey City, N.J. currently under construction, today announced that Darren Piercey and Kathy Mendez have been appointed general manager and director of sales, respectively, for the hotel slated to open late February, 2017.
True North Hotel Group, management company for a new 152-suite Residence Inn by Marriott in Jersey City, N.J. currently under construction, today announced that Darren Piercey and Kathy Mendez have been appointed general manager and director of sales, respectively, for the hotel slated to open late February, 2017.
Asian American Hotel Owners Association (AAHOA) President and CEO Chip Rogers has joined the prestigious Forbes Nonprofit Council.
Concord Hospitality Enterprises and Jersey City Mayor Steven Fulop began construction on a 258-room Hyatt House hotel in the Exchange Place district of Jersey City, part of a public/private revitalization effort that will bring 350 construction jobs, and 80 permanent and 60 part time hotel jobs to New York's Hudson River neighbor. The project, an adaptive re-use of a 92-year old bank building into Jersey City's first Hyatt House hotel, represents an investment of more than $90 million in Jersey City that will produce more than $1.6 million in annual revenue to the city.