NORWALK, CT—HEI Hotels & Resorts is under contract to acquire the SpringHill Suites by Marriott Newark Liberty International Airport for an undisclosed amount. The hotel will be the 10th 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 north of the airport, New York City’s second largest, and near Port Newark, North America’s third largest seaport. The hotel offers three meeting rooms with a total of 1,900 sq. ft. of function space. Additional amenities include a lobby lounge with complimentary breakfast, indoor swimming pool and whirlpool, fitness facilities and a business center.
The hotel is currently in the process of undergoing an interior renovation, including back-of-the-house facilities.