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Seaport Hotels Get $140M In Permanent Financing

By Steve Adams | Banker & Tradesman Staff | Oct 23, 2017 | Reprints | Unlock Link

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The Aloft and Element hotels in Boston’s Seaport District have obtained $140 million in permanent financing from Greenwich, Connecticut-based Starwood Property Trust.

Ares Management and CV Properties LLC developed the 330-room Aloft and 180-room Element across from the Boston Convention and Exhibition Center in 2014.

HFF Managing Director Anthony Cutone and Director Matthew Enright represented the borrower. HFF also arranged the $97 million construction loan in 2014 from RBS Citizens and Santander Bank N.A.

B&T Daily