JLL’s Hotels & Hospitality group procured the buyer in the sale of the 117-suite, select-service hotel
News release
01 April 2024
SpringHill Suites by Marriott Voorhees trades in New Jersey
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WASHINGTON, D.C., Apr. 1, 2024 – JLL’s Hotels & Hospitality group announced today that it arranged the sale of SpringHill Suites by Marriott Voorhees Mt. Laurel/Cherry Hill in New Jersey.
JLL represented the seller and procured the buyer.
Located at 1031 Voorhees Drive, Voorhees Township, the hotel is a four-story, 117-suite, select-service hotel featuring a well-equipped fitness center, heated indoor pool and business center. The property also features 375 square feet of flexible meeting space, which is highly attractive for corporate and leisure accounts.
The JLL Hotels & Hospitality team was led by Managing Director Ketan Patel and Directors Phil White and Vasilis Halakos.
JLL’s Hotels & Hospitality Group has completed more transactions than any other hotels and hospitality real estate advisor over the last five years, totalling $83 billion worldwide. The group’s 370-strong global team in over 20 countries also closed more than 7,350 advisory, valuation and asset management assignments. Our hotel valuation, brokerage, asset management and consultancy services have helped more hotel investors, owners and operators achieve high returns on their assets than any other real estate advisor in the world.
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About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 106,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.