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Leisure Property Investor Buys Landmark Cambridge Hotel for $227M

By Steve Adams | Banker & Tradesman Staff | Nov 13, 2019 | Reprints | Unlock Link

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A private equity fund that specializes in acquisitions of hotels and resorts has bought Cambridge’s Hyatt Regency Hotel for $226.3 million.

Denver-based KSL Capital Partners acquired the 470-room hotel from Host Hotels & Resorts of Bethesda, Maryland on Oct. 31.

The property, which is Cambridge’s largest hotel, last sold in 1999 for $125.3 million.

Completed in 1976, the 16-story hotel spanning 350,130 square feet is situated on a 3.5-acre parcel with panoramic views of the Charles River and Boston skyline.

KSL specializes in acquisitions of hotels, leisure properties and travel services. In May, the firm closed on a $2.7 billion travel and leisure fund, KSL Capital Partners V.

A representative of KSL said the company had no comment.

B&T Daily