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Connecticut Investor Buys Airport Hotel for $20.6M

Jul 12, 2022 | Reprints | Print

Image courtesy of Google Maps

A Connecticut real estate investor with $3.7 billion in assets under management has acquired a Chelsea hotel that caters to airport travelers.

Stamford-based Westport Capital Partners paid $20.6 million for the 105-room Hampton Inn Boston Logan Chelsea. BankNewport provided $20.25 million in mortgage financing.

Westport Capital Partners has investments in 22 metros through a range of specialized and diversified funds that acquire properties such as value-add and distressed assets, cold storage facilities and single-family properties.

The seller, Seneca Hospitality LLC, bought the Chelsea property at 200 Second Ave. in 2018 for $9.2 million, according to Suffolk County Registry of Deeds records. The entity is an affiliate of Baywood Hotels of Columbia, Maryland.

B&T Daily