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Boston Luxury Nine Zero Hotel In Danger Of Default

ninezero Boston’s Nine Zero Hotel is in danger of imminently defaulting on a CMBS loan, and has been transferred to special servicing, according to Fitch Ratings.

Fitch’s records show the $47.3 million mortgage, originally issued by Greenwich Capital Commercial Funding Corp. (GCCFC), was transferred to special servicer Wells Fargo.

The building at 90 Tremont St. was last purchased for $69.7 million by San Francisco-based Kimpton Hotel & Restaurant Group in 2006, according to data from the Suffolk County Registry of Deeds.

Attempts to reach Wells Fargo and the hotel were not successful.

Commercial & Industrial