654 South College Ave Newark, DE 19713
Two Hilton hotels for sale in Newark, Delaware.
Source:
Alchemyrea
Listing Agent: Joseph Cuomo
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Two Hilton Hotels in Newark
Offered for sale are the 155-room Embassy Suites by Hilton Newark Wilmington South and the 91-room Homewood Suites by Hilton Newark Wilmington South Area. Both properties achieve individual RevPAR exceeding $100. The hotels are located adjacent to one another, allowing for shared staffing, cross-selling, and operational efficiencies. The Newark-Wilmington MSA benefits from stable corporate, institutional, and medical demand drivers supporting consistent year-round occupancy. The region has demonstrated steady post-pandemic RevPAR recovery, with recent ADR growth driven by constrained new supply and diversified demand generators. The University of Delaware, with over 24,000 students, faculty, and staff, continues to expand its science and innovation footprint through projects such as the STAR Campus, bringing additional lodging demand from research, corporate partnerships, and visiting academics. Delaware’s business-friendly tax climate and accessibility attract investment and expansion from Fortune 500 companies and regional headquarters users. Nearby employers include JPMorgan Chase, DuPont, Chemours, Corteva, AstraZeneca, and Christiana Care Health System. Wilmington serves as the corporate and legal center of Delaware, home to over half of U.S. publicly traded companies. Christiana Care and STAR Campus expansion are driving research, biotech, and healthcare lodging needs. The 23,000-seat Delaware Stadium and Bob Carpenter Center along with Wilmington Riverfront, Blue Rocks Stadium, Delaware Theatre Company, and seasonal events support weekend and family demand. The offering includes an on-site TGI Friday’s restaurant, leased on a long-term basis with rent prepaid in full. The hotel and restaurant share costs related to landscaping, snow removal, and parking lot maintenance. The properties are offered unencumbered by management and debt, and an attractive basis well below replacement cost. The ability to maintain the Hilton flag is available via a long-term license agreement with completion of the PIP. An attractive value-add opportunity exists through enhanced revenue management and margin optimization following transition from receiver control and third-party management. Diverse demand segmentation is achieved through Embassy Suites’ full-service positioning and Homewood Suites’ extended-stay orientation, catering to both transient and long-term corporate guests.
Location Intelligence
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Embassy Suites by ...
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Location Insight
- Map
- Local Demand
- City
- Newark
- County
- New Castle
- State
- Delaware
- Longitude
- -75.7537652
- Latitude
- 39.6592078
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FAQs
What type of property is this?
Hotel - Two Hilton hotels for sale in Newark, Delaware.
Where is this hotel located?
The property is located at 654 South College Ave Newark, DE.
What are key features of this property?
This property features: - Portfolio of two Hilton-branded hotels (Embassy Suites and Homewood Suites) offered as a packaged transaction.; - Strong Revenue Performance: Both hotels individually exceed $100 RevPAR.; - Offered unencumbered by management and debt, well below replacement cost.