Courtyard by Marriott, Cranbury, NJ
CRANBURY, NJ—Hunter Hotel Advisors brokered Rockwood Capital's sale of the Courtyard by Marriott in Cranbury, NJ to Canon Hospitality Management.
The hotel was built in 2001 and has 144 rooms. Amenities include a restaurant, indoor pool, fitness center and event rooms.
“We are thrilled to add another upscale hotel to our growing portfolio,” says Canon Patel, managing member of Canon Hospitality Management.
“Canon brought a high level of industry knowledge to the table, and their partnership with Hunter is valued by our entire team,” says Trey Scott, senior vice president, Hunter Hotel Advisors. “Rockwood Capital is a first-class organization; they worked very hard to help create a smooth closing process for all parties.”
“This is the 4th hotel Hunter sold for Rockwood in 2018,” says Teague Hunter, Hunter's president. “Its institutional-quality portfolio and sophisticated business style allowed the deal to move seamlessly through closing.”
This property is in a prime location off I-95 and the New Jersey Turnpike, only 10 miles from Princeton University and many other attractions and
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
