Holiday Inn * 40 Miles to NY City

Address: 1000 International Drive Budd Lake, NJ 07828

Units: 141 (all ~350 square feet)

Unit Types: 65 King

65 2-Double

4 Suites

7 ADA rooms

Buildings: 1

Stories: 4

Corridors: Interior

Year Built: 1997

Land Area: 10.09 acres

Construction: Masonry

Heating/Cooling: Central gas system

Roof: Flat, rubber

Amenities: Elevators (2), fitness center, indoor pool, banquet halls (3), on-site house

Parcel Number(s): #1427_204_1 (Morris County)

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  Price: $11,500,000

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  Room Revenue: $3,445,982

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  F&B and Other Revenue: $621,759

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  Total Revenue: $4,067,741

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  Occupancy: 45.2%

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  ADR: $148.78

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  RevPAR: $67.24

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  Approved for Rebranding to Hilton Garden Inn

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  Ideal location alongI-80, which carries approximately 50,000 vehicles per day. The property is less than one hour from New York City.

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  Centrally located to several prominent wedding venues, including Waterloo Village, David’s Country Inn, and Rutherfurd Hall.

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  Property includes 3 banquet halls.

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  Morris County had over 5,300,000 visitors who spent more than $292M on lodging in 2022.

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  Occupancy and RevPAR are significantly below comp set per STAR report – opportunity to boost room revenue by over $700,000 (21%) based on market rates.