Gemstone Hotels & Resorts has assumed management of the Copley Square Hotel in Boston.

Originally built in 1912, the boutique urban hotel recently completed a nearly $20 million renovation that completely restored and updated the property, according to a statement.

"The Copley has been a fixture on Copley Square for a century," said Thomas Prins, Gemstone principal. "The addition of Gemstone’s expertise in operating unique, upscale urban hotels, combined with the physical enhancements, will make a significant difference going forward and allow us to create exceptional experiences for our guests."

The 143-room hotel recently completed renovations include infrastructure improvements, such as new elevators and HVAC, a total makeover of the guest rooms, food and beverage facilities and all of the public spaces.

"The Copley is the third property added to our portfolio in the past five months and is emblematic of the type of property we seek to manage or acquire," said Jeff McIntyre, Gemstone principal. "The hotel has a number of natural advantages we intend to more fully leverage, including its convenience to entertainment and sports venues, meeting and convention facilities, retail and other outlets. We also bring a passion for food and beverage opportunities, which we will be infusing into the existing outlets. Repositioning and re-inventing hotels by adding value and memorable experiences for guests and higher returns for owners is what we have demonstrated that we do best."