
Electra Picks Up Another Boston Hotel
Electra American Hospitality Group added a second Boston property to its portfolio with the $82.6 million acquisition of the 190-room Kimpton Nine Zero overlooking Boston Common.
Electra American Hospitality Group added a second Boston property to its portfolio with the $82.6 million acquisition of the 190-room Kimpton Nine Zero overlooking Boston Common.
Shuttered hotels and skeleton-crew staffs are fading into distant memory as the Boston lodging market approaches a full financial recovery from the depths of their pandemic plunge.
The new owners of the former Loews Boston hotel will spend $20 million on updates and renovations of the 225-room property following a $117 million acquisition.