(To read more on the net lease market, click here.)
SUFFERN, NY-Ratan Hospitality Group LLC of Clifton, NJ hasacquired the Wellesley Inn Suffern for $7.3 million. The firm, asubsidiary of Ratan Hotels Group of North Bergen, NJ, acquired the95-room hotel from the New York City-based BRE/Prime Holdings LLC,a subsidiary of Prime Hospitality. Prime is controlled by theBlackstone Group.
The Wellesley Inn Stamford was built in 1987 and is located offexit 14B of the New York State Thruway at 17 North Airmont Rd. Thesale also includes a net-leased Friendly's restaurant that isattached to the property via an enclosed walkway.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
