Dual-Brand Hilton Portfolio – 505 Keys – A rare opportunity to acquire the fee simple interest in two concrete-constructed, Hilton-affiliated hotels sharing a single Northern New Jersey campus: the 353-room full-service Hilton Parsippany and the 152-room select-service Hampton Inn Parsippany. The pairing captures demand across both the upscale full-service and select-service segments while sharing amenities and back-of-house efficiencies.

Highly Desirable Hilton Brand Affiliation – Both assets benefit from affiliation with Hilton Worldwide—one of the largest hotel owners, operators, and franchisors globally, with 23 brands, 7,600+ properties, and nearly 1.2 million rooms—and the widely recognized Hilton Honors loyalty platform driving repeat demand.

Offered at a Significant Discount to Replacement Cost – With construction costs at all-time highs, a new owner acquires two well-built, upscale hotels at pricing below replacement cost in the Morris/Sussex/Warren market, where high land cost, a difficult entitlement process, and scarce developable land create meaningful barriers to new supply.

Unencumbered by Management and Debt – The Hotels are offered free of any management agreement and without an assumption of debt, giving a new owner/operator an open runway to revamp operations, implement cost-control initiatives, and employ more aggressive revenue-management strategies from day one.

Full-Service Supply in Structural Decline – The competitive set has contracted sharply, with 2,600+ rooms removed from the market over the past six years—including the 427-room Hilton Meadowlands, 338-room Hilton Woodcliff Lake, 360-room Hilton JFK Airport, and others—opening the door for a strong sales team to recapture regional meetings and group business.

Extensive Meeting and Event Space – The portfolio offers nearly 24,000 SF of combined event space, anchored by one of the Parsippany market's largest ballrooms at 10,080 SF (1,200-person capacity) across 37 flexible meeting spaces—positioning the Hotels to win corporate functions, weddings, mitzvahs, and social events amid robust post-pandemic demand for versatile venues.

Prime Corporate and Life-Science Location – Set among nearly 14 million SF of office space with three Fortune 1000 headquarters nearby, at the intersection of I-287, I-80, and I-280, and within 50 miles of Newark Liberty (22 mi), LaGuardia (40 mi), and JFK (45 mi)—with regional air traffic at record highs.

Clear Path to RevPAR Upside – Reduced supply, durable consumer demand, near-term demand catalysts, and full operational control together position the dual-brand portfolio for meaningful RevPAR growth and cash flow generation following brand-required renovations.