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Courtyard Basking Ridge Hotel in New Jersey Offers Unique Investment Opportunity Amidst Receivership Sale

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  • Courtyard Basking Ridge Hotel – Image Credit JLL   

The Courtyard Basking Ridge Hotel, a 235-room property located in New Jersey, is up for sale, presenting a rare investment opportunity with significant potential for growth and value addition.

The Courtyard Basking Ridge Hotel, a 235-room property situated on 19.68 acres, is now listed for sale. The property, built in 2001, is being offered by JLL’s Hotels & Hospitality Group as a fee simple interest. This sale represents a unique receivership opportunity, allowing potential investors to acquire a hotel with considerable untapped potential.

Property Overview

The Courtyard Basking Ridge Hotel, currently operated by Marriott, is being offered to qualified investors for the first time as a franchise. This change allows for hands-on control by the operator, which can be a significant advantage for those looking to maximize the property’s potential. Despite its current underperformance, with nearly $8 million in room revenues, the hotel ranks near the bottom of its competitive set in terms of occupancy and Average Daily Rate (ADR).

Investment Potential

The property presents immediate upside potential for experienced operators. A targeted renovation program could significantly enhance the hotel’s appeal, especially given the strong demand from corporate travelers in the area. The Courtyard brand is well-regarded among business travelers, and post-renovation, the hotel could emerge as a leading product in the market. This would enable it to capture premium rates and increase occupancy, potentially exceeding the current competitive set’s Revenue Per Available Room (RevPAR) of $122.63 and the Courtyard’s 2019 RevPAR of $128.37.

Investment Highlights

  • Marriott Franchise Conversion
  • Receivership Sale
  • Value Add through Renovation
  • High Barriers to Entry
  • Fee-Simple
  • Competitive Set RevPar at $120+
  • In-place cash flow
  • 2026 FIFA World Cup Business

Inquire at JLL.

 



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Travel Market Insights

Delta Says It Will Not Use AI to Target Customers

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Key Points

  • Delta Air Lines clarified it does not use AI to set individualized airfares based on personal data, following criticism from lawmakers.
  • The airline uses AI, via a partnership with Fetcherr, to assist in dynamic pricing for a growing portion of its domestic flights, but claims all fares are determined by market dynamics and are publicly available.
  • Lawmakers and officials have expressed concerns about potential predatory or ‘surveillance’ pricing, prompting Delta to stress its commitment to fair, competitive pricing and data privacy.

Summary

Delta Air Lines has publicly stated that it does not use AI to set individualized prices based on personal customer data, responding to recent criticism and inquiries from U.S. lawmakers. The airline acknowledged using AI technology, through a partnership with Fetcherr, to assist analysts in setting fares for a portion of its domestic flights, with plans to expand this use. However, Delta emphasized that fares are determined by market competition, not personal data, and all prices are transparently published, aiming to dispel concerns about privacy and potential predatory pricing.



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U.S. Dollar Slide Hurts Accor, Minor, and Meliá

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Some of the world’s largest hotel companies saw their earnings dented by currency swings in the first half of 2025, as euro and baht-reporting groups absorbed losses while U.S.-based chains appeared largely insulated from the volatility.

Accor, Meliá Hotels, and Minor International all reported currency-related losses that offset solid operational performance. Meanwhile, U.S.-based Hilton and Wyndham, which report in dollars, did not mention foreign exchange impacts in their earnings calls and appeared shielded from the same pressures.

The U.S. dollar index dropped 10.8% in the first half of 2025 following the Trump administration’s April tariffs and public clashes with the Federal Reserve. The resulting investor pullback caused the dollar to weaken sharply against the euro, baht, and other currencies.

Accor: Currency Among Its Biggest Headwinds

Paris-based Accor repo



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Winners, Losers, and Lots of Premium Seats: Europe’s Airline Scorecard

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Skift Take: Premium cabins still drive profits, but it's the low-cost threat that keeps Europe's legacy carriers up at night.

Read the Complete Story On Skift



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