Navika Capital Group has announced the acquisition of two Marriott brand hotels totaling 372 keys along the Hudson River in Weehawken, N.J.
JLL represented the seller, Veris Residential, in the all-equity sale to Navika Capital Group. The hotels were offered unencumbered by management.
The portfolio includes the 208-key EnVue Autograph Collection Port Imperial and the 164-key Residence Inn Port Imperial. The hotels, opened in 2019 and 2018, respectively, operate under a one-building complex at the center of the $4 billion mixed-use development that is in the final phases at Port Imperial. The property features a collective 15,000 square feet of outdoor space, more than 27,000 square feet of meeting and conference space, a fully equipped fitness center and unobstructed views of the New York City Skyline.
Situated along the Hudson River and located immediately adjacent to the Port Imperial Ferry Terminal, the hotels provide guests with access to Manhattan via the
