Cambridgeport Hotel Trades for $50M
A 207-room Cambridgeport hotel was acquired by a pair of investors for $50 million.
Through the Fog, Boston’s Lodging Market Should Find Its Bearings
Economic and political headwinds have dampened travel spending and kept hotel operators focused on managing rising costs. Next year could be better.
New Head of Hotel Advisors Tracks Softness in Travel Industry
Sebastian Colella’s homecoming at Pinnacle takes place during a precarious moment in the hotel industry. By one recent measure, Boston is the world’s priciest hotel market. But hotels’ operating performance is flattening, a reflection of macroeconomic conditions including a decrease in international travel.
Booking Numbers Reflect Tepid Tourism Climate in Mass.
After a year-over-year decline in bookings six months into 2025, the industry is pointing to a sequence of major events across Massachusetts that could help boost the sector into recovery in 2026.
Hotel Market Demand Shows No Let-Up
As Massachusetts prepares to welcome conventioneers and tourists to a busy schedule of upcoming events, record hotel room rates are becoming the new normal.
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.
No Room for Discounts as Hotels Recover
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.
Students, Councilors Miss Big Picture in Hotel-Dorm Battle
Northeastern’s attempt to rent hundreds of rooms in the Sheraton Boston can make a difference reducing pressure on working families’ rents by taking students out of the market. Then why aren’t NEU students supporting it?
Hotel Trends Raise Questions for Hynes Replacement
With the sale and redevelopment of the Hynes Convention Center on the table once state legislators finish up the state’s next budget, the sad state of the local hotel industry ought to give everyone food for thought.
Boston Lodging Market Recovery Accelerates
The Boston and Cambridge lodging market has been slower to recover than most markets across the country. However, after more than two years since the pandemic began, the market is beginning to pick up speed.
Is Beacon Hill Going to Let Our Hotels Fail?
As hotel owners and operators across Massachusetts struggle to stay afloat, it’s a fair question to ask whether the top legislative brass on Beacon Hill care all that much about the industry and the vital tourism sector it supports.
Report Says Boston Hotel Market in ‘Depression’ Cycle
Boston hotels are suffering from the second-worst financial performance in the nation as the urban hospitality market continues to feel the lingering effects of COVID-19 travel downturns.
Boston Ritz-Carlton Reopens with Family Promotions
Boston’s Ritz-Carlton hotel reopens on Thursday with new promotional packages designed to capture the all-important leisure travel market.
Boston Hotels Wait for the Bounce-Back
As the downtown economy reopens, Boston is set to absorb nearly 2,200 additional hotel rooms this year. The additional 5.5 percent in room supply is the largest in 20 years, and it hits a market that suffered the nation’s second-worst financial performance after New York City in 2020.
Rising Tides Forecast for Cape Hotel Market
It appears that the demise of the Cape Cod hotel industry due to the pandemic has been greatly exaggerated. If anything, many industry figures say the Cape lodging sector is emerging stronger than ever.
Pinnacle Teams Up with CHMWarnick on Hotel Advisory Services
Boston-based hospitality consultants Pinnacle Advisory Group have formed a strategic alliance with Beverly-based CHMWarnick to provide business strategies to help the struggling hotel industry recover from the COVID-19 pandemic.
Pandemic Upended Commercial Real Estate in 2020
During the lengthy commercial real estate boom, many industry figures said Greater Boston’s diversified economy – with its strengths in financial services, technology and life science – was built to withstand anything except a “Black Swan event” such as a natural disaster or geopolitical conflict.
Hotel Operators Plan Cautious Reopening
COVID-19 has negatively impacted lodging demand for years to come and dramatically changed the local market’s room supply. Market fundamentals are likely to return to previous levels for three to five years.
Lack of Clear Travel Guidelines Leaves Lodging Market in Limbo
Hotels throughout New England are normally preparing for their peak season this time of year. Unfortunately, 2020 has been anything but normal.
Hotels Expected to Lead Commercial Loan Defaults
Economic disruption associated with the COVID-19 pandemic will hit the hotel sector hardest of any commercial real estate sector with nearly 35 percent of mortgages likely to default by 2024, according to an analysis released this week.
