A four-story office building on Wood Road that emptied out after COVID-19 has been reborn as Hotel Troy, a 101-room boutique hotel dressed head to toe in Mad Men-era style, complete with suit-and-tie staff and an in-house Italian restaurant serving lunch and dinner to guests and the public alike.
The hotel, part of the Trademark Collection by Wyndham, opened in June 2026 inside the former office building at 8 Wood Road in Parsippany, according to NJ.com. The property will mark its official arrival with a grand opening celebration on September 30, including a 5 p.m. ribbon-cutting with local officials followed by an open house featuring giveaways, light bites and live entertainment, per the same report. General contractor LDJ Builders Inc., which handled the structural conversion, is headquartered at that very same 8 Wood Hollow Road address in Parsippany under president Joseph Labozza, according to Construction Information Systems.
The building's path to becoming a hotel began years earlier. The Parsippany-Troy Hills Planning Board unanimously approved a site plan back in May 2023 for developer Interstate Office Center LP to convert the underutilized office site into a 101-room boutique hotel, according to Patch. That original 2023 proposal had also included a rooftop bar and lounge, but developers withdrew the rooftop feature before the planning board's approval after they couldn't finalize the design, Patch reported, though officials at the time noted a rooftop bar could still be submitted in a future application.
A Suits-And-Ties Take on 1960s Office Life
Inside, Hotel Troy leans hard into its retro identity. General manager and chief innkeeper Scott McArthur told NJ.com that staff members wear suits and ties, and the property's mid-century modern design incorporates 1960s office touches throughout its common areas. Ross Alpert, the hotel's director of sales and marketing, described the aesthetic simply as a Mad Men look, per the same report.
The design isn't just for looks. Alpert said the hotel is aimed at leisure guests seeking “the finer things in life,” while business travelers get soundproof phone booths for conference calls, a third-floor library stocked with books and workspace, and charging stations scattered through common areas, according to NJ.com's report. Guests also have access to a 24-hour fitness center and meeting space that can accommodate up to 120 people for conferences, small weddings and parties.
Room rates run from $150 to $300, with discounts and packages available, the outlet noted. The hotel is pet-friendly, though it charges a $50 daily pet fee, and offers complimentary parking. Its location near Interstate 80, Interstate 287 and Route 46 puts it roughly 24 miles from Newark Liberty International Airport and 28 miles from New York City.
Troy Social Brings Italian Fare to the Lobby
Anchoring the ground floor is Troy Social, a modern Italian restaurant serving lunch and dinner daily to both hotel guests and the general public, according to NJ.com's report. The restaurant gives the property a dining draw independent of overnight stays, a detail that fits neatly with the affluent commuter base nearby: Parsippany's office corridors sit within a five-mile radius holding more than 138,000 residents with an average household income of $184,167 and a 62% college attainment rate, according to Parsippany Focus.
Hotel Troy's corporate pedigree runs close to home. Its brand parent, Wyndham Hotels & Resorts, keeps its global headquarters at 22 Sylvan Way in Parsippany, a 100,000-square-foot campus located about five minutes from the hotel, according to the Morris County Chamber of Commerce. Wyndham is described as the world's largest hotel franchisor, operating roughly 8,300 properties globally, and Hotel Troy is one of the few upscale Wyndham properties in New Jersey, per NJ.com. The Trademark Collection by Wyndham soft brand, under which Hotel Troy operates, passed 100 open U.S. properties in March 2026, doubling its domestic footprint over five years while expanding to nearly 350 locations worldwide, according to a release carried by PR Newswire.
Part of a Wider Office-to-Everything-Else Wave
Hotel Troy is one entry in a much larger repositioning trend across Parsippany-Troy Hills, where more than 1.5 million square feet of obsolete suburban office space has been converted or repurposed into residential, industrial and mixed-use developments, per Parsippany Focus. Nearby, developers are redeveloping a 290,000-square-foot former Intel office campus at 1515 Route 10 as District 15Fifteen, according to The Real Deal.
The structural pressures behind these conversions run deep. An estimated 80% of all New Jersey office space was built before 1990, leaving a vast inventory of 30-to-40-year-old suburban office parks that experts say are structurally obsolete for modern technology and remote-work trends, according to Rutgers University's Bloustein School. Still, the broader market shows signs of stabilizing for newer buildings: Northern and Central New Jersey office vacancy fell to 25.0% in the second quarter of 2026, the lowest regional level since late 2022, supported by five straight quarters of positive net absorption as tenants gravitated toward renovated Class A space, per JLL.
