HEI Hotels & Resorts (HEI), a socially responsible investor and employer in the hospitality industry, has announced that the company is under contract to acquire the SpringHill Suites by Marriott Newark Liberty International Airport for an undisclosed amount. The hotel will be the tenth acquisition by HEI's Fund III and the 13th hotel in the Marriott brand family in HEI's 42-property portfolio.
The 200-room all-suites select-service hotel is located immediately north of Newark Airport, New York City's second-largest airport with more than 33 million passengers annually, and near Port Newark, North America's third-largest seaport.
The hotel offers three meeting rooms with a total of 1,900 square feet of function space. Additional amenities include lobby lounge with complimentary breakfast, indoor swimming pool and whirlpool, fitness facilities and a business center.
The hotel is currently in the process of receiving a substantial interior renovation involving all areas of the hotel seen and touched by guests, as well as, the back-of-house facilities used by the hotel's associates. Upon completion, the hotel will meet all SpringHill Suites by Marriott's most current design features.