Search
 

Wyndham Opens 396-Room Hotel at Airport

ELIZABETH, NJ-The company's ninth New Jersey property is rolled out at Newark International just days before Christmas after a $35 million renovation of the former Holiday Inn.

By Eric Peterson | Updated on December 24, 2001

ELIZABETH, NJ-Wyndham International, the Dallas-based hotelier, has opened the doors for its new Wyndham Newark Airport here. The 396-key asset, a former Holiday Inn, was renovated to the tune of $35 million prior to its re-opening as a Wyndham property. While Newark International Airport, the country’s 10th busiest, has its terminal complex located in Newark, most of the runway system and adjacent service businesses, including the new Wyndham, are in neighboring Elizabeth.

“In light of our current economic environment, it was important strategically to proceed with hotel projects that could successfully weather the downturn,” according to Fred J. Kleisner, chairman and CEO for Wyndham. The renovation project began earlier this year (see previous story), and is one of the projects that Wyndham has moved forward with in the hard-hit travel sector.

“We are very confident that the Wyndham Newark Airport will not only be an immediate financial success for our company, but will also be a preferred hotel in the Newark market,” Kleisner continues.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.