Rockwood Capital Sells Courtyard by Marriott to Canon Hospitality
“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.”
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