Kushner Cos. has acquired the 24-room Bungalow Hotel in Long Branch’s Pier Village, a mixed-use community of retail shops and apartments located on the city’s shoreline.
Former Kushner CEO Jared Kushner, son-in-law of President Trump, has an ownership stake in Pier Village, which recently underwent a $283 million expansion.
“Since it first opened its doors in 2009, Bungalow Hotel has attracted both tourists and local guests with a creative spirit,” Kushner Head of Hospitality Will Obeid said. “We were impressed by the hotel’s spacious room layouts and vibrant design, which attracts an upscale clientele for both long-term and short-term stays.”
The hotel is the latest addition to Kushner’s Long Branch portfolio, with investments including 250,000 square feet of retail and more than 760 residential homes.