Morris County Chamber of Commerce
  • About
    • Chamber Team
    • Our Mission
    • About Our President
    • Morris Business Cabinet
    • Board of Directors
    • Ambassadors Council
    • What Members Are Saying >
      • Share a Testimonial
    • Frequently Asked Questions
    • Forums & Committees >
      • Women in Business Program Chair Application
      • Business Development Forum
      • Business Strategy & Tactics Forum
      • Environmental & Sustainability Forum
      • Government Affairs
      • Health & Wellness Forum
      • Hispanic & Diversity Business Forum
      • Human Resources Committee
      • Not For Profit Roundtable >
        • 2021 NFP Excellence Award Honorees
        • Nonprofit Donations
        • Not For Profit Conference Scholarship App
      • Tech Talk Forum
      • Women in Business Program
      • Young Professionals Forum
    • Staff Forms - Internal Use Only
  • Membership
    • Join the Morris Chamber
    • Retail Restaurant Membership
    • Member Benefits
    • New Member Survey
    • The Value of Membership >
      • Grow Your Business
      • Build Your Brand
      • Professional Development & Education
      • Government Advocacy
      • Community Outreach & Volunteering
    • Mobile App
    • Member to Member Deals
    • Healthcare Solutions
    • Member Marketing Opportunities
    • Enhance Your Directory Listing
    • Member Referral Bonus
    • Connect to Morris Job Bank
    • Grand Opening Support
  • Events
    • Chamber Event Calendar
    • Member Events Calendar
    • COVID-19 Safety
    • Signature Events & Programs
    • Leaders in Business Nominations 2022
    • Golf Donations 2022
    • Submit an Event Idea
  • Directory
    • Searchable Business Directory
    • Nonprofit Organizations >
      • Not for Profit Spotlight
  • News & Info
    • Member Exchange Online Community
    • Chamber Magazines
    • Business Resources
    • Legal Resources >
      • Employment Law
      • Commercial Services
      • Business Representation
      • General Legal
    • News Around the Chamber >
      • Around the Chamber Archive
      • Submit a Press Release
      • Submit a Neighbors Helping Neighbors Story
    • MCCC Blog >
      • Contribute to Our Blog
    • Discover Morris County
    • Morris County Board of Commissioners
  • Programs
    • Economic Development Corp.
    • EDC Business Counseling
    • Leadership Morris >
      • Leadership Morris FAQs
      • Leadership Morris Application
      • Leadership Morris Program
      • Leadership Morris Alumni Council
      • Renew LMAA Membership
    • Executive Council Program
    • Women In Business >
      • Women in Business Mastermind
      • Women in Business Executive Round Table
      • Women in Golf Program
    • Morris Chamber Toastmasters
    • Entrepreneur Roundtable
    • Thrive Morris
    • Work-Based Learning Internship Program
  • MCTV
    • MCCC On-Demand
    • MCTV Let's Talk
    • Actionable Advice Video Library
    • Member Spotlights
  • Member Login

Around the Chamber

​News & Information from our Members for our Members
​Click Here to submit your Press Release
​Click Here for Past 'Around the Chamber' eNewsletters

Newmark Announces Recent Multi-Million Dollar Sale of Parsippany Hotel Restaurant Property

10/7/2021

 
Cedar Knolls, N.J., September 27, 2021 – Newmark Associates CRE announced the recent sale of a 3.44-acre property comprised of a “108 key” Red Roof Hotel and an approximate 5600 SF freestanding restaurant. Property is located at 855-857 Route 46 East, Parsippany, New Jersey, in Morris County. ​
The owner was an undisclosed Newmark client whom Deborah Myers, Managing Director, has represented for several years in selling certain family assets. This is the third sale transaction she has facilitated on behalf of the owner in the last 18 months. Remarking upon the unique challenges of completing this transaction, Ms. Myers commented: “With both motel and restaurant businesses adversely affected by the pandemic, the sellers were concerned about the timing of marketing such a property. However, seeking out and working closely with the right professional – a hospitality broker – who not only knew the nuances of this industry but who was also very familiar with local buyers and sellers of motel properties, was critical to the success of this transaction.”

Other unique aspects of the sale included “marketing specifically to motel/hotel operators attracted not only to the locale but to the idea of having a motel where they could put their own flag as a franchisee and also have the value-added opportunity of additional income from the separate enterprise of an onsite restaurant,” she said. “Finding the right operator for the motel, that is, someone who could work with an additional tenant inside the timing of the sale was also critical in completion of the sale.”

Newmark Associates is Certified as a woman-owned business (WBENC) by the Women’s Business Enterprise National Council, Newmark Associates is registered as a Supplier Diversity provider with corporate members. Newmark Associates can be reached at 973.884.4444 or sales@newmarkrealestate.com.

​Newmark Associates CRE, located in Cedar Knolls, New Jersey, celebrates more than 30 years in the commercial real estate industry as one of the top brokerage companies in the state, and recognized repeatedly with awards by both NJBIZ magazine, and the CoStar Commercial Real Estate organization. With expertise in all asset classes, from lease and sales transactions, Newmark Associates customers range from regional, entrepreneurial firms to Fortune 500 companies.

Comments are closed.

    Archives

    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020

    Categories

    All
    Bio Tech
    CARES Act
    Coronavirus
    Essential Business
    Giveaway
    Grants
    Healthcare
    Health & Wellness
    IT Solutions
    Loan Programs
    Mobile Service
    News
    NJEDA
    Nonprofit
    Pharma
    Printers
    Pro Bono
    Retail
    Training
    Unemployment

    RSS Feed

Picture
CONTACT Us  |  JOIN Us  |  LEARN About Membership  |  REGISTER for Events  |  FIND a Member Business  |  READ our Magazines  |  LEAD Morris |  FAQ

Picture
325 Columbia Turnpike, ​​Suite 101
Florham Park, NJ 07932 

​973.539.3882 | CONTACT US | ​MAP
Our office is open by appointment only, but  something is happening at the Chamber virtually everyday! 
The Power of Connection!  Your membership connects you to valuable resources, opportunities for business growth and rewarding relationships with members across the NJ metro region, in-person and virtually!  Your investment in a Morris Chamber membership provides a stable foundation that allows us to serve the people who power greater Morris County's businesses and community.  Join Us or Renew Today!
STAY CONNECTED: SIGN UP FOR UPDATES!
Socialize with Us!
Put the Power of Morris Chamber in the Palm of your Hand with our Mobile App!
Picture
Picture

ECONOMIC DEVELOPMENT
Picture
TOURISM BUREAU
Picture
PROUD MEMBER OF
Picture
PROUD MEMBER OF
Picture
PROUD MEMBER OF
Picture
PROUD MEMBER OF
Picture

©2022 Morris County Chamber of Commerce  |  A 501(c)(6) nonprofit membership organization  |  Site Map
  • About
    • Chamber Team
    • Our Mission
    • About Our President
    • Morris Business Cabinet
    • Board of Directors
    • Ambassadors Council
    • What Members Are Saying >
      • Share a Testimonial
    • Frequently Asked Questions
    • Forums & Committees >
      • Women in Business Program Chair Application
      • Business Development Forum
      • Business Strategy & Tactics Forum
      • Environmental & Sustainability Forum
      • Government Affairs
      • Health & Wellness Forum
      • Hispanic & Diversity Business Forum
      • Human Resources Committee
      • Not For Profit Roundtable >
        • 2021 NFP Excellence Award Honorees
        • Nonprofit Donations
        • Not For Profit Conference Scholarship App
      • Tech Talk Forum
      • Women in Business Program
      • Young Professionals Forum
    • Staff Forms - Internal Use Only
  • Membership
    • Join the Morris Chamber
    • Retail Restaurant Membership
    • Member Benefits
    • New Member Survey
    • The Value of Membership >
      • Grow Your Business
      • Build Your Brand
      • Professional Development & Education
      • Government Advocacy
      • Community Outreach & Volunteering
    • Mobile App
    • Member to Member Deals
    • Healthcare Solutions
    • Member Marketing Opportunities
    • Enhance Your Directory Listing
    • Member Referral Bonus
    • Connect to Morris Job Bank
    • Grand Opening Support
  • Events
    • Chamber Event Calendar
    • Member Events Calendar
    • COVID-19 Safety
    • Signature Events & Programs
    • Leaders in Business Nominations 2022
    • Golf Donations 2022
    • Submit an Event Idea
  • Directory
    • Searchable Business Directory
    • Nonprofit Organizations >
      • Not for Profit Spotlight
  • News & Info
    • Member Exchange Online Community
    • Chamber Magazines
    • Business Resources
    • Legal Resources >
      • Employment Law
      • Commercial Services
      • Business Representation
      • General Legal
    • News Around the Chamber >
      • Around the Chamber Archive
      • Submit a Press Release
      • Submit a Neighbors Helping Neighbors Story
    • MCCC Blog >
      • Contribute to Our Blog
    • Discover Morris County
    • Morris County Board of Commissioners
  • Programs
    • Economic Development Corp.
    • EDC Business Counseling
    • Leadership Morris >
      • Leadership Morris FAQs
      • Leadership Morris Application
      • Leadership Morris Program
      • Leadership Morris Alumni Council
      • Renew LMAA Membership
    • Executive Council Program
    • Women In Business >
      • Women in Business Mastermind
      • Women in Business Executive Round Table
      • Women in Golf Program
    • Morris Chamber Toastmasters
    • Entrepreneur Roundtable
    • Thrive Morris
    • Work-Based Learning Internship Program
  • MCTV
    • MCCC On-Demand
    • MCTV Let's Talk
    • Actionable Advice Video Library
    • Member Spotlights
  • Member Login