
Alexandra Hotel Property Sold for $11M Ahead of Redevelopment
The former Alexandra Hotel property has been acquired by developers planning a 150-room hotel.
The former Alexandra Hotel property has been acquired by developers planning a 150-room hotel.
New supply is expected to outpace demand in 2019. Nine new hotels, with a total of approximately 1,500 room will open this year, representing a 4.5 percent increase to supply.
Sebastian Colella remembers when it was easy to distinguish the difference between “boutique” hotels and “traditional” hotels run by large hospitality companies.
The former general manager of Boston’s Four Seasons, Robin Brown is putting his life’s experience in the hotel industry to work as an investor and advisor in some of Boston’s most distinctive new hospitality concepts, ranging from the music-themed Verb hotel in the Fenway to the art-infused Studio Allston Hotel.