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Newton Developer Buys Tewksbury Hotel

Feb 13, 2019 | Reprints | Unlock Link

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Newton-based Sawyer Realty Holdings has acquired the 130-room Residence Inn Boston Tewksbury/Andover hotel as part of a three-property portfolio.

The purchase price for the Tewksbury property was $12 million, according to a Middlesex County Registry of Deeds filing. Completed in 1990, the property comprises 10 three-story buildings including guest rooms along with one- and two-bedroom suites.

The portfolio also included the Hyatt House in Bridgewater, New Jersey and Hampton Inn & Suites in Smithfield, Rhode Island.

HFF represented the seller, BRE Apex RI MA LLC, an affiliate of Blackstone, and procured the buyer.

B&T Daily