Dolce Basking Ridge Hotel Sells for $30 Million

BASKING RIDGE, NJ — The Dolce Basking Ridge Hotel, a 171-room, full-service, AAA Four Diamond award-winning hotel and executive conference center was sold for $30 million.

Holliday Fenoglio Fowler, L.P. marketed the property on behalf of the seller, Broadreach Capital Partners.

Dolce Basking Ridge Hotel is situated on 35 acres at 300 North Maple Avenue. Completed in 1995, the upscale Dolce Basking Ridge Hotel recently underwent $2 million in renovations to upgrade guestrooms and suites in addition to modernizing the first- and second-floor meeting spaces. The hotel features 21,000 square feet of International Association of Conference Centers-approved function space, Vita Restaurant, Vita Bar, an indoor pool, whirlpool, fitness center, business center, basketball court and tennis court.

The HFF investment sales team representing the seller was led by senior managing director and head of HFF’s hotel group, Daniel C. Peek, director KC Patel and associate director Marc Duval, who is based in the firm’s Florham Park office.

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