PISCATAWAY,NJ-HREC Investment Advisors recentarranged the $9.7 million sale of a local Embassy Suiteshotel property, according to a company release.121 Centennial Avenue, LLC, based out of nearby Edison, New Jersey,was the buyer. This hotel investment group snapped up the propertyfor $9.7 million.
This Embassy Suites sits in a strategiclocation. Not only is it just off interstate 287, but it also liesnear Rutgers University and the Garden State Exhibit Center – a bigdestination for concerts, conferences and special events.
From HREC, New York office president and senior principalGeoff Davis and Ketan Patel, Vice President ofHREC Investment Advisors' Washington D.C were the seller’sexclusive representatives.
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