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The Asbury Hotel

The Asbury Hotel

Type

Hospitality

Location

Asbury Park, NJ

Est. Project Cost

$54.0 million

Size

93,000 SF / 110 Keys

Public Financing

N/A

Sponsor

iStar Financial

Private Financing

N/A

Closing Date

2014

Capital and Real Estate Advisory Services

Capital and Real Estate Advisory Services to explore hotel capitalize options for the adaptive re-use of historic Salvation Army property to a 110 key boutique hotel and signature project of the Asbury Park revitalization.

Estimated Economic and Social Impact

Over 120 jobs and 200 construction jobs.

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