HREC Investment Advisors arranged the sale of the 225-guestroom Sheraton in Mahwah, N.J.
Ketan Patel, SVP, in HREC Investment Advisors' Washington D.C. office, Geoff Davis, president & senior principal, in the New York office, and Scott Stephens, COO & senior principal, in the Tampa office, exclusively represented the seller during the transaction.
Located in the Crossroads Corporate Center on the border of New York State and New Jersey, the Hotel is near the intersections of four major highways (I-287, I-87, Route 22, Route 17). Corporations in the area include US Headquarters of Jaguar Cars and Land Rover Vehicles, Mercedes Benz and BMW North America Corporate Headquarters. The Hotel is also located near Manhattan and roughly 40 miles from Newark International Airport.