Prestige Hospitality awarded management contract for Carteret, New Jersey hotel
Prestige Hospitality Group has been awarded the operations and management contract for the Radisson Hotel. Under this new assignment, Prestige Hospitality Group (PHG) will be responsible for daily hotel operations, capital improvements, marketing and business development at the 117 room full-service hotel.
"This is a superior hotel located within the largest metropolitan area of the country," said Justin Smith, President and COO of Prestige Hospitality Group. "This is an exciting opportunity for Prestige Hospitality Group to expand our presence in the New York City metropolitan area."
The Radisson Hotel is located in Carteret, New Jersey, within close proximity to Newark Liberty International Airport. Hotel amenities include a business center, fitness center, and complimentary shuttle service to the airport and surrounding mass transit stations. The hotel features 3,700 s/f of meeting space accommodating up to 200 guests and a full-service restaurant and lounge.
Headquartered in Albany, New York, Prestige Hospitality Group owns, develops and manages hotels and hospitality properties throughout the northeast. PHG provides operational, financial and strategic management services for a mixed portfolio of franchised and independent, select and full service hotels. Prestige Hospitality Group can be found on the web at www.prestigehg.com.
Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.
Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing