100 Chestnut Ridge Rd - Hospitality FOR SALE
Montvale, NJ 07645 |
212-516-8149
100 Chestnut Ridge Rd
Montvale, NJ 07645
HIGHLIGHTS
- $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
- In-place cash flow offering an investor immediate yield
- Located in a bustling corporate market anchored by KPMG’s 281,000-square-foot campus
- Situated proximate to the North American headquarters of Jaguar Land Rover, Volvo Car USA, BMW of North America, and INEOS
- Long-term lease in place with Fire & Oak, a full-service restaurant located on the ground floor
OVERVIEW
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.
FOR SALE DETAILS
BUILDING DETAILS
PROPERTY NAME
Courtyard Montvale
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
-
STORIES
3
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
1973
PARKING SPACES
298
LAND DETAILS
LAND ACRES
9.19 AC
LAND SF
400,316 SF
ZONING
OR-2, Montvale Boro
APN/PARCEL ID
36-02904-0000-00002
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212-516-8149
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212-516-8149
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