Member News – Crowne Plaza Saddle Brook
April 21st, 2016
The cylindrical, 12-story hotel in Saddle Brook, a landmark along Route 80, has reopened as a Crowne Plaza after being shut down for six years.
The 148-room hotel is owned by Unique Hotel Management Group of Houston, which bought it at auction for $10.7 million last summer. The InterContinental Hotels Group, the British company that owns the Crowne Plaza brand, said the location so close to New York City is ideal for business travelers — Crowne Plaza’s target market.
The hotel, a former Holiday Inn, was sold as part of a legal settlement by its previous owner, Nikesh Patel, chief executive of Alena Hospitality of Orlando, Fla.
Hotel construction has heated up as travel — for both business and leisure — rebounded strongly after the 2007-09 recession. Nationally, hotel occupancy rates have risen from about 55 percent during the recession to about 65 percent last year. In Bergen and Passaic counties, hotel occupancy rates were about 74 percent last year, according to STR, a data company that tracks the hotel industry. In response to the growing demand, a number of hotels are under construction in North Jersey, including a new, 350-room hotel at the Glenpointe complex in Teaneck that will combine two Hilton brand names: Homewood Suites and Hampton Inn.