NEW JERSEY COMFORT INN NETS $1.75M

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BUDD LAKE, N.J. — Comfort Suites, a 53-room hotel property in Budd Lake, has sold for $1.75 million. Built in 2001, the property is located at 102 Route 46 W. and is approximately one mile from the International Trade Center. Umar Sheikh of Marcus & Millichap represented the seller, a limited liability company, in the transaction. He also represented the buyer, a private investor. The new owners plan to rebrand the property as a Super 8.

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