The Asbury Hotel
Capital and Real Estate Advisory Services
The Asbury Hotel is a $54 million redevelopment of a historic Salvation Army building into a 110-room boutique hotel in Asbury Park. Spanning 93,000 square feet, the hotel is a signature project of the city’s revitalization strategy.
Monge Capital provided capital advisory services for this transformative hospitality venture.
Estimated Economic and Social Impact
Over 120 jobs and 200 construction jobs.
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