London Investor Buys Downtown Crossing Hotel for $125M
A German investor sold Boston’s Godfrey Hotel after an 11-year ownership for $124.5 million.
Cambridgeport Hotel Trades for $50M
A 207-room Cambridgeport hotel was acquired by a pair of investors for $50 million.
West End Hotel Sold to Spanish Chain
Spain’s largest hotel chain acquired an 80-room hotel in Boston’s West End as it expands its North American market presence.
Medford Hyatt Place Sold to New Hampshire Hotel Group
The 158-room Hyatt Place Boston/Medford was acquired by a New Hampshire hotel group that owns a large portfolio of hospitality properties along the East Coast.
Mount Vernon Company Buys Downtown Plymouth Hotel
Mount Vernon Company plans to reposition a downtown Plymouth hotel following an acquisition that expands its hospitality portfolio to four Massachusetts properties.
Theater District Hotel Sold for $123M
A Dallas hotel investor sold the 315-room Courtyard Boston Downtown for $123 million as it continues to divest properties and reduce debt.
Jamson Management Adds Cape Cod Motel to Portfolio
Lexington-based hotel investor Jamson Management added a recently renovated motel on Cape Cod to its portfolio with the acquisition of the Parker Beach Lodge for nearly $3 million.
Back Bay Hilton Sold for $171M
An investment partnership that completed a $171 million acquisition of the Hilton Boston Back Bay hotel plans a capital improvement program to modernize the 41-year-old property.
Back Bay Hotel Under Agreement for $171M
Back Bay’s 390-room Hilton Hotel is one of six properties being sold by Dallas-based REIT to reduce its debt.
128-Room Cape Hotel Sold to Lexington Investor
A Lexington hotel management company is expanding its portfolio with the $10.7 million acquisition of a 128-room Cape Cod Hotel.
Middleborough Hotel Sold to Lexington Firm for $9M
A Middleborough hotel was acquired by a Lexington investor this week for a price more than double its previous trade in 2016.
Park Plaza Gets New Owner, Hilton Rebrand
The new owner of Boston’s 1,060-room Park Plaza Hotel is a Mexico City-based hospitality company with a portfolio of 32 properties in the U.S. and Mexico.
Beacon Hill Hotel Trades for $57M After Upgrades
A boutique Beacon Hill hotel that underwent a series of upgrades under Related Beal’s ownership sold for $57 million to a private equity investor.
Newton REIT Sells Hotel Portfolio for $137.3M
Newton-based Service Properties Trust sold a portfolio of Courtyard by Marriott and Residence Inn by Marriott hotels for $137.3 million to a joint venture.
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.
Cape Resort Sold to Plymouth Hotel Developer
As the Massachusetts leisure travel market recovers from its COVID slump, a Plymouth developer has acquired a 266-room hotel and resort in Hyannis.
Norwood, Framingham Hotels Sold to Newton Developer
The new owner of a pair of suburban Boston hotels that cater to business travelers plans to renovate the properties following a $26.6 million acquisition.
Newton Hotel Group Adds to Portfolio with Provincetown Inn Purchase
A Newton hospitality group is adding to its rapidly expanding Bay State portfolio with the acquisition of a 19th-century inn and restaurant in Provincetown.
New Owners Plan $20M Upgrade at Back Bay Hotel
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.
Connecticut Investor Buys Airport Hotel for $20.6M
A Connecticut real estate investor with $3.7 billion in assets under management has acquired a Chelsea hotel that caters to airport travelers.
