Meyer Futersak Of Cedarwood Group Acquires Hotel In Iselin For $20.9M

The property asset involved in the transaction is a hotel located at 515 US Highway 1 S in Iselin. The sale price of the asset amounts to $20,900,000, with a total square footage of 220,603, resulting in a price per square foot of $94. The hotel comprises 312 keys, with a price per key of $66,987.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $20,900,000
• Square Footage: 220,603
• Price per Square Foot: $94
• Keys: 312
• Price per Key: $66,987
• Buyer: Meyer Futersak - Cedarwood Group
• Date of Transaction: 04/30/2025
• Market: Iselin

The transaction was represented by Meyer Futersak from Cedarwood Group, who is actively seeking additional hotel assets around the US.