BUSINESS & ECONOMY

NJ Hotels, Homeowners Hope to Rent Out Space for Super Bowl

By Desirée Taylor
Senior Correspondent

Contrary to what you may have heard, there are hotel rooms available near MetLife Stadium the week of the Super Bowl.

“Most of these hotels had their inventory shut down. They weren’t taking reservations early in the year, four months ago. I think everyone was trying to see what one hotel was doing before they kind of show their cards, trying to be competitive. Now that we’re getting closer, now its crunch time now you’re going to start see some inventory,” said Hotel Manager Tom Martucci.

Another reason there are hotel rooms available is because thousands of rooms that were blocked by the NFL have been released. That’s the good news. The bad news? If you have limited resources the rates for hotel rooms are sky high.

“Our rates start at $799 per night. We do have a couple two-bedroom suites that are three rooms. That holds six people. If you rent that for six people, that will go $1,600 per night. Given our location and proximity to the stadium, we’re pretty confident that we shouldn’t have any problems selling out,” Martucci said.

Hotels aren’t the only the only option for football fans looking for a place to stay in the area. There are numerous websites listing homes for rent in New Jersey and New York during the week of the Super Bowl. They even show the distance renters will have to travel to get to the stadium. Veronica Billington is hoping to rent her townhouse which is located about one mile from the stadium.

“I am looking for $2,500 per night with a 10 night minimum,” Billington said. “I’ve seen other homes in the area that aren’t even as close to the proximity and they’re getting $10,000 per night. I’ve seen people looking for $50,000 per week. Crazy things. I am sure there are people who will pay it. I don’t know that you have to.”

Billington says she has good knowledge of the housing and rental market because she has 30 years of experience as a real estate broker. She believes many homeowners and businesses in the region will be able to cash in on the tens of thousands of football fans coming to East Rutherford for the big game.

“The influx of what will happen in the area is an economic boom. I hope local towns take advantage of it. And I really think they will. There will be a lot of fun festivities and activities in all the local towns,” Billington said.

Being close to the action is what fans want. And it’s likely they’ll pay a hefty price in order to be there.