HREC Arranges Sale of Four Points by Sheraton in Newark
Create: Aug 10, 2019 Edit: Aug 21, 2019
HREC Investment Advisors has arranged the sale of the 120-room Four Points by Sheraton Newark Christiana Wilmington located in Newark, Delaware. The firm exclusively represented the seller during the transaction. The marketing, negotiations, and final sale were led by Ketan Patel, managing director in HREC’s Washington D.C. office, and Andre Collins, an affiliate broker in Delaware.
Located in Delaware’s most highly populated county, Newcastle County, the hotel is near companies headquartered in Newark, including W.L. Gore and Associates and JPMorgan. Other major demand generators in the immediate area include the University of Delaware, Denver Technology Park, White Clay Creek Park, Christiana Mall, Glasgow Regional Park, and the Newark Reservoir.
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