Hot Property: Hyatt Regency Boston/Cambridge

A property-wide renovation project is under way at Cambridge’s largest hotel, the 479-room Hyatt Regency, including an updated lobby, updates to 25,000 square feet of meeting and event space and a new bar and restaurant named Paperback Tavern.

Nantucket Hotel Compound Sold for $25.1M

Nantucket real estate development firm Blue Flag Partners has bought an iconic hotel in the heart of Nantucket’s downtown for $25.1 million, according to documents filed with the Nantucket Registry of Deeds, and plan to revamp the historic property.