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Related Beal Buys Beacon Hill Hotel For $25M

Jul 14, 2016 | Reprints | Unlock Link | Print

Related Beal Cos. has acquired the John Jeffries House, a 46-room hotel at 170 Charles St. in Beacon Hill, from Massachusetts Eye and Ear Infirmary for $25 million.

The property will continue to operate as a hotel, Related Beal Cos. announced today. It’s studying its options for the neighboring 11,928-square-foot garage property at 144 Charles St., which it acquired in July 2015 for $40 million.

“We continue to operate the garage and are currently evaluating future possibilities for this site to best realize its potential in the neighborhood,” Stephen Faber, executive vice president for Related Beal, said in a statement.

The infirmary used the building as a nurses’ residence and later a temporary residence for patients’ families before converting it into a hotel.

B&T Daily