Toms River Hotel For Sale by Auction starting bid 1.5 million

11/4/2015 9:00 AM PST
Auction.Com
16d 19h 49m remaining until auction starts.

Hotel / Motel For Sale


Price:
Price Not Disclosed
Property Type:
Hotel & Motel
Property Sub-type:
Economy/Limited Service
Property Use Type:
Investment
No. Stories:
4
Year Built:
1978
Lot Size:
5.27 AC
APN / Parcel ID:
APNBlock68803Lot27andBloc
Listing ID
19439114
Last Updated
5 days ago

Find Out More...

Highlights

  • Starting Bid: $1,500,000
  • Bidding: 11/2 - 11/4

Description

Property tours are available by appointment only on October 15th and October 22nd. Please contact the listing brokers to schedule an appointment.Auction.com presents the opportunity to acquire a 173-room full-service hotel located in Toms River, NJ. The Hotel is fully unencumbered and offers a buyer complete control of the future direction of the property including operating and branding decisions. The TR Hotel of Toms River NJ is ideally situated off of the Garden State Parkway - minutes from the beaches, boardwalks and a wide array of Jersey Shore attractions including the Jersey Shore Premium Outlets, Casino Pier & Breakwater Beach Water Parks, Six Flags Great Adventure & Safari, Point Pleasant Aquarium, and Lakewood Blueclaws Stadium. The TR Hotel of Toms River offers you spacious guest rooms complete meeting facilities accommodating groups up to 325 people. The 5 meeting rooms encompass over 7,200 square feet of combined meeting space. The Atlantis Ballroom is available for seminars, trade shows or exhibitions, or simply for polished corporate events. The four-story property was constructed in 1978 has a Holiday Inn Hotel. In 2004, the hotel was extensively renovated.

Additional amenities include The Palms Restaurant & Lounge, an indoor pool and sauna, fitness room and a children's game room. Property listed by: James D Kuhn, Newmark Grubb Knight Frank. License #9480651 NJ. Jkuhn@ngkf.com

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