Lender Owned: SpringHill Suites Newark Liberty International Airport

Description:

Ri Marketplace Online Auction November 17th-19th, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2808/lender-owned-springhill-suites-newark-liberty-international-airport?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=hospitality_2808

Alchemy Real Estate Advisors, in conjunction with RealINSIGHT Marketplace, are pleased to present the lender-owned 200-room SpringHill Suites Newark Liberty International Airport, located in Newark, New Jersey. The property is being offered fee simple, unencumbered of debt and management, providing a new owner with operational flexibility and the ability to relicense under the SpringHill Suites by Marriott flag through a long-term franchise agreement.

Transferred to special servicing in June 2020 and foreclosed in December 2022, the Hotel represents a compelling value-add opportunity. A new owner can transition the asset out of lender control, complete the required PIP, and strategically reposition the property to capture enhanced RevPAR and NOI performance.

The Newark market continues to outperform national averages, driven by a combination of airport and port activity, corporate headquarters, sports and entertainment demand, and large-scale urban development projects. With ongoing investments such as the multi-billion-dollar EWR Vision Plan set to begin in 2025, which will renovate and expand the airport to position it for long-term growth, and the $160MM EWR Station Access Project, designed to materially increase accessibility to the airport from surrounding markets and New York City, the Property is well positioned to benefit from future growth.


Peter Costanzo
c/o Fisher Auction Company, Inc.
License: BK No. 8910502
The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

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