Hotel buy is good business sense.NAI Global Hotels represented WNC WNC Western North Carolina WNC World News Connection (US government online news service) WNC Washington National Cathedral (Washington, DC) WNC Women's National Commission (UK) Somerset Company, LLC, in the sale of the Courtyard by Marriott Courtyard by Marriott is a brand of hotels owned by Marriott International. They have over 2,800 hotels worldwide, as of June 2007. Courtyard by Marriott is designed for business travelers. in Somerset, New Jersey Somerset is a census-designated place and unincorporated area located at the eastermost section within Franklin Township, in Somerset County, New Jersey. As of the United States 2000 Census, the CDP population was 23,040. Somerset housed one of the first Marconi Wireless Stations. , to TLC TLC total lung capacity; thin-layer chromatography. TLC abbr. 1. thin-layer chromatography 2. Somerset, LLC. Terms of the transaction were not disclosed. WNC Somerset is a joint venture between Syracuse, New York-based Widewaters Group and New Castle Hotels of Shelton, Connecticut. The deal was arranged by NAI Global Hotels Regional Vice President Philippus Miller III, Managing Director Daniel Beider, and Regional Vice President Sanjeev Misra. The, five-story, 162-room hotel is located just off of Route 527, a heavily trafficked roadway for both business and leisure travelers. The property features a Courtyard Cafe and on-site Ruby Tuesday restaurant. Newport Hospitality Group, Inc. of Williamsburg, Virginia, which has 25 east coast hotel properties under management agreements, will manage the hotel for the new owner. "The Somerset Courtyard by Marriott was built four years ago and has performed admirably," noted Miller. "The forecast for the New York metropolitan area New York–Northern New Jersey–Long Island is the most populous metropolitan area in the United States and the third most populous in the world, after Tokyo and Mexico City. is for more of the same. This transaction made great business sense for both the seller and the new owner. As a broker, it feels good to know that both parties fully succeeded in their objectives." |
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