Mar 21, 2016 2:27 PM ET

Archived: Renaissance Woodbridge Hotel: ASAP International Hotels seeking Investors to acquire and renovate fee-simple 311-room full-service Renaissance Marriott branded hotel in Iselin, NJ

iCrowdNewswire - Mar 21, 2016

Renaissance Woodbridge Hotel

Offered By

ASAP Holdings is a global investment management company specializing in acquisitions advisory and asset management dedicated to maximizing value for a diversified equity partners base, including corporations, institutions and high-net-worth individuals.

About this Property

ASAP International Hotels, LLC is seeking Investors to provide capital funds in order to acquire and renovate the fee-simple 311-room full-service Renaissance Marriott branded hotel located at 515 Route 1 S, Iselin, NJ 08830.

The Investors shall receive an 8% preferred return per annum with quarterly distributions to the extent available from net cash flow. A minimum equity contribution in the amount of Twenty Five Thousand Dollars ($25,000) is required to invest in the asset entity formed to acquire this Property, ASAP Woodbridge Hotel Holding, LLC. We expect capital to be returned within five to eight years either by a sale or refinance if market conditions are not favorable to a sale.

Key Points

  • The Investors shall receive an 8% preferred return per annum on investment to the Company with quarterly distributions
  • The 311-room Renaissance Woodbridge Hotel is located in the center of a 9M SF office submarket and within the 576,000 SF Woodbridge Corporate Plaza, only 15 minutes from Newark Liberty International Airport and less than 30 miles from Manhattan.
  • The Company will renovate the hotel in 2017 according the brands required Property Improvement Plan for approximately $5,000,000.

About this Operator

ASAP International Hotel, LLC

Los Angeles, CA

Available to Accredited Investors:

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Iselin, NJ

Middlesex County is 1 of 25 counties which comprise the New York MSA. The 6,700 square-mile MSA is home to 20 million residents, supports 9 million jobs and produces a gross regional product of $1.4 trillion.



Location Details

Contact Information:

Iselin, NJ

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