Hotel Transaction New Jersey

SpringHill Suites by Marriott Newark Airport Sold to Waramaug

SpringHill Suites Newark Liberty International Airport - Exterior
SpringHill Suites by Marriott Newark Airport Sold to Waramaug

Waramaug Hospitality

Waramaug LS Hotels LLC, in joint venture with a China-based investor, has acquired the SpringHill Suites by Marriott Newark Liberty International Airport hotel in Newark, New Jersey.

Located adjacent to Newark Liberty International Airport, the property is a 200-room, six-story, all-suite hotel that opened in 2004. The hotel’s amenities include complimentary breakfast, a 24-hour Market, airport shuttle service, an indoor swimming pool, a fitness center, a business center and three event rooms tailored for business and social functions. The suites feature separated living areas, wet bars with refrigerators and microwaves and work stations with complimentary high-speed wireless Internet.

“The SpringHill Suites by Marriott Newark Airport provides a convenient, quality home-away-from-home hotel experience for business and leisure travelers,” said Paul Nussbaum, CEO and chairman of Waramaug LS Hotels. “We are pleased to add this strategic, New York metropolitan-area hotel to our portfolio.”

In addition to its airport proximity, the hotel is situated near prime shopping and recreational destinations, such as The Mills at Jersey Gardens and the Prudential Center, and within a 30-minute drive of New York City.

Interstate Hotels & Resorts, located in Arlington, Virginia, has been retained to manage the hotel.

Waramaug LS Hotels LLC is the select-service affiliate of Waramaug Hospitality, a privately held hotel investment firm that focuses on acquiring legacy-branded hospitality assets throughout the United States. Waramaug Hospitality’s portfolio comprises 41 hotels with a total of 6,155 rooms. 

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