TEANECK, NJ—Hanwha International, a South Korea-based conglomerate, is relocating its US domestic headquarters operations from Cranbury to the Glenpointe Centre here, a nice-pick-up for the landlord Alfred Sanzari Enterprises.
At the same time, Sanzari told Teaneck authorities this week that it wants to build a 350-room hotel at the Glenpointe complex instead of another office building as it had planned earlier this year, because of continuing weakness in the northern New Jersey office market.
A Sanzari representative laid out the new plan at a Teaneck council meeting. The new hotel site is adjacent to the existing Teaneck Marriott at Glenpointe hotel and conference center. The proposed 14-story hotel would provide more choices for guests in Teaneck, according to the company's Wendy Berger.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 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.
