Jones Lang LaSalle

Hotel Sets Sights on Expansion
By Eric Peterson
Last updated: March 22, 2006 09:40am

LONG BRANCH, NJ-Tiburon Hospitality has floated plans to expand its Ocean Place Resort and Spa property on this city’s Atlantic oceanfront. That expansion could add a second tower and additional amenities to the 254-room property, which also includes a spa and 42,000 sf of meeting space.

The plans were made public during a meeting of the Long Branch city council, when that body voted to authorize assignment of development rights presently held by Tiburon Ocean Place LLC to a new partnership called Ocean Place Development LLC. The Carefree, AZ-based Tiburon is seeking to team up with the Washington, DC-based Orr Partners-Op LLC to form Ocean Place Development LLC to expand the facility. The city’s involvement in the property dates back to 1986 with it gave the redevelopment rights to Gem Holding Inc. for what was then known as the Ocean Place Hilton Hotel, and Gem subsequently sold its rights to Tiburon in 2000.

During the same meeting, the city council also voted to bond $1 million to buy four acres adjacent to the hotel complex. According to city council president Anthony Giordano, the site is suitable for retail or office space, a parking structure or a convention center. Formal plans for the Ocean Place Resort and Spa expansion are expected to be announced by the middle of April.