NJ’s Saddle Brook Holiday Inn to Undergo $10M in Renovations

Not many people from the area would give a raving review of the Holiday Inn in Saddle Brook, NJ. The building, located off of Route 80 and current closed, was definitely in need of some serious TLC.

The building, however, was recently bought out by a group known as Alena Hospitality, LLC. The group plans to renovate and reopen the building in January of 2014, rebranded as a Crowne Plaza Hotel.

Nik Patel, a young entrepreneur at the age of 30, bought the hotel for a stunningly low $1.6 million – a far cry from the asking price of $2.8 million, which he negotiated directly with the foreclosing bank. His organization plans to put more than $10 million into renovations before reopening.

The building has been closed for almost 3 years now. The hotel, which is located near a railroad track, will have all new soundproof windows installed to ensure the comfort of patrons.

They entire building will be renovated from top to bottom, and they hope to attract a great crowd for Superbowl XLVIII next year!

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