Riviera Hotel In Newark Sold For $8.5M - Broker: Ryan Cerqueira

The Riviera Hotel, located at 165 Clinton Avenue in Newark, has been sold in a recent transaction. The hotel, spanning approximately 100,000 square feet, was purchased for a total sale price of $8,500,000. Ryan Cerqueira of an undisclosed agency represented the buyer in this sale.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $8,500,000
• Square Footage: 100,000
• Price per Square Foot: $85
• Date: 04/04/2023
• Market: Newark

Ryan Cerqueira, serving as the broker for the buyer, facilitated the acquisition of the Riviera Hotel. The exact details of the transaction, including any financing or additional parties involved, were not provided in the available information.