Wyndham Garden
550 Rte 1 and 9 S, Newark, NJ 07114
The Outcome
Keys: 349
Price: $30,000,000
Buyer: MHG Capital
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The highest and best use was as a industrial use versus as an existing antiquated hotel. Our team was able to identify an industrial buyer who acquired the property for a 20% premium. Our group also assisted in the negotiations to remove the union employees and were instrumental in assisting negotiate the terms around environmental issues.