JLL completes sale and financing of Courtyard Wayne Fairfield

NEW YORK CITY, Oct. 28, 2025 –  JLL’s Hotels & Hospitality Group announced today the sale of 122-room Courtyard by Marriott Wayne Fairfield, a select-service hotel positioned 20 miles from New York City.

JLL represented the seller, RiverLink Hotels, in the sale to affiliates of Concord Hospitality. Working on behalf of the new owner, JLL also secured acquisition financing through M&T Bank.

The four-story hotel features a diverse guestroom mix designed to accommodate various traveler needs. The property includes 73 standard king rooms, 36 standard two-queen rooms, seven extended two-queen rooms, four king suites and two queen suites.

Guests have access to comprehensive amenities including an indoor pool, fitness center and 1,587 square feet of meeting space with capacity for up to 120 banquet guests. The Bistro restaurant operates daily, serving breakfast and dinner, featuring upscale casual American cuisine and a full evening bar.

Located at 263 US Highway 46, the hotel sits adjacent to Willowbrook Mall and provides convenient access to major transportation arteries including Route 23, Interstate 80, Interstate 287 and the Garden State Parkway. The area is close to universities, corporate headquarters and recreational facilities, including MetLife Stadium and American Dream Mall, attracting diverse travelers for business and leisure. Wayne's population is approximately 55,000. The city’s strategic location provides access to multiple airports, with Teterboro Airport 14 miles away, Newark International Airport at 24 miles and LaGuardia Airport 28 miles from the property. The township sits 23 miles from Port Newark-Elizabeth, one of the world's largest containerized shipping ports.

The JLL Hotels & Hospitality team representing the seller was led by Director Phil White, while the financing efforts were spearheaded by Managing Director Jillian Mariutti.

"This Courtyard by Marriott represented a compelling value-add investment opportunity in one of northern New Jersey's most strategically located markets," said White. "The property combines relatively new vintage construction, strong in-place cash flows and significant operational upside potential in a high-barriers-to-entry market. With its proximity to New York City, access to major transportation networks and location within a diverse economic base, this asset is well-positioned to benefit from continued recovery in business and leisure travel demand."

“This transaction is reflective of the active debt markets we’re seeing today, particularly for high-quality, well-sponsored assets,” added Mariutti. “It was a highly competitive process, underscoring both the strength of the sponsorship and lender confidence in the hospitality sector’s continued performance.”

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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 $23.4 billion and operations in over 80 countries around the world, our more than 112,000 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 WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.

Based in Danbury, CT, RiverLink Hotels is a privately owned developer and investor of multiple premium select-service hotels in the Northeastern United States.

Concord Hospitality is a premier hotel management and development company based in Raleigh, NC, that has grown from operating a single Hampton Inn in Pennsylvania 40 years ago to managing over 140 hotels across North America today. The company operates across multiple market segments, from select-service properties to luxury hotels under its Opus Collection brand launched in 2021, while maintaining strategic partnerships including a collaboration with Marriott on the new StudioRes extended-stay brand. Concord differentiates itself through comprehensive in-house capabilities including award-winning food & beverage operations, cutting-edge hospitality technology solutions, and strategic procurement services, all underpinned by a culture rooted in Quality, Integrity, Community, Profitability, and Fun that has driven four decades of sustained growth and operational excellence.

M&T Bank Corporation is a financial holding company headquartered in Buffalo, New York. M&T's principal banking subsidiary, M&T Bank, provides banking products and services with a branch and ATM network spanning the eastern U.S. from Maine to Virginia and Washington, D.C. Trust-related services are provided in select markets in the U.S. and abroad by M&T's Wilmington Trust-affiliated companies and by M&T Bank. For more information on M&T Bank, visit www.mtb.com.