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Courtyard Montvale 100 Chestnut Ridge Rd 184 Room Hotel Montvale, NJ 07645 For Sale
Investment Highlights
- $4.0M ($21,700 per key) renovation completed in 2024 focused on guestrooms, corridors, lobby, and public spaces
- In-place cash flow offering an investor immediate yield
- Situated proximate to the North American headquarters of Jaguar Land Rover, Volvo Car USA, BMW of North America, and INEOS
- Strong post-renovation performance resulting in a TTM February 2026 RevPAR of $109 with clear upside potential
- Located in a bustling corporate market anchored by KPMG’s 281,000-square-foot campus
- Long-term lease in place with Fire & Oak, a full-service restaurant located on the ground floor
Executive Summary
Hunter Advisors has been exclusively retained to solicit offers for the acquisition of the 184-key Courtyard by Marriott Montvale (the “Hotel” or “Property”), a premier, recently renovated, institutional-quality Marriott-branded asset strategically positioned immediately off the Garden State Parkway within Bergen County’s dominant corporate corridor.
Property Facts
| Sale Type | Investment | No. Rooms | 184 |
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 1973/2024 |
| Building Class | B | Parking Ratio | 3.14/1,000 SF |
| Lot Size | 9.19 AC | Corridor | Interior |
| Building Size | 116,000 SF | ||
| Zoning | OR-2, Montvale Boro | ||
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 9.19 AC |
| Building Size | 116,000 SF |
| No. Rooms | 184 |
| No. Stories | 3 |
| Year Built/Renovated | 1973/2024 |
| Parking Ratio | 3.14/1,000 SF |
| Corridor | Interior |
| Zoning | OR-2, Montvale Boro |
Amenities
- Fitness Center
- Restaurant
- Room Service
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Digital key
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 6 | $399.00 | - |
| Guest Room | 178 | $214.00 | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 36-02904-0000-00002 | Improvements Assessment | $16,534,700 |
| Land Assessment | $4,365,300 | Total Assessment | $20,900,000 |
Property Taxes
Parcel Number
36-02904-0000-00002
Land Assessment
$4,365,300
Improvements Assessment
$16,534,700
Total Assessment
$20,900,000
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Courtyard Montvale | 100 Chestnut Ridge Rd
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