The property involved in the transaction is the Sheraton Edison Raritan Center, a 276-room hotel located at 125 Raritan Center Pkwy, Edison, NJ, within the Edison market. The sales price remains undisclosed. The hotel is situated in the Raritan Center business park, an area known for hosting local businesses including the regional operations for UPS and FedEx, as well as News 12 New Jersey.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: Not disclosed
• Address: 125 Raritan Center Pkwy, Edison, NJ
• Market: Edison
• Seller's Representatives: Ketan Patel (HREC Investment Advisors), Kevin Hanley (HREC), Mark Von Dwingelo (HREC)
• Buyer: FCA

HREC facilitated the transaction, with multiple representatives including Kevin Hanley, Ketan Patel, Mark Von Dwingelo, and Bill Schoenenberger, representing the undisclosed seller. The buyer, FCA, was not disclosed either. Edison has seen an increase in commercial business recently, as indicated by HREC.