$10M to Be Spent to Upgrade Saddle Brook Hotel

SADDLE BROOK, NJ-Alena Hospitality LLC, the new owner of the dilapidated former Holiday Inn in Saddle Brook off Route 80 here, plans to spend $10 million in renovations to the cylindrical-shaped hotel.

By John Jordan | July 19, 2013 at 12:48 PM

SADDLE BROOK, NJ-Alena Hospitality LLC, the new owner of the dilapidated former Holiday Inn in Saddle Brook off Route 80 here, plans to spend $10 million in renovations to the cylindrical-shaped hotel.

Nik Patel, CEO of Alena Hospitality LLC, says the shuttered 147-room, 12-story hotel will be rebranded as a Crowne Plaza Hotel when it opens next year in time for Super Bowl XLVIII in February, according to the Bergen County, NJ Record.

The Orlando, FL-based firm acquired the lease for the 97,000-square-foot Saddle Brook hotel in June for $1.6 million in cash and then acquired the property from United International Bank in Queens, NY for less than the $2.8-million asking price. See story in The Record.

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John Jordan is a veteran journalist with 36 years of print and digital media experience.

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