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residence inn cambridge sold

"We are pleased to have completed the sale of Residence Inn … Punctuate a satisfying day of business or exploration by stopping by The Residence Inn Mix™ social event, available three nights per week. It’s an ideal location for students, business travelers, families, couples, and just about anyone else looking to enjoy a relaxing getaway in Boston. So far in 2019, Host has sold $609 million in hotel properties, and has five more properties under contract to be sold. 02 OCTOBER 2020 9:18 AM Xenia Hotels & Resorts announced it has sold to an unnamed buyer the 221-room Residence Inn Boston Cambridge in Cambridge, Massachusetts, for $107.5 million. In connection with the transaction, the buyer assumed the $60.3 million mortgage collateralized by the hotel. WiFi and an evening social are free, and this hotel also features a gym. The Company also retained the approximately $3.8 million balance in the FF&E reserve. The transaction generated approximately $46.0 million in net proceeds for the Company after transaction costs. Proceeds from the sale will be utilized to repay borrowings under the Company’s credit facilities and for general corporate purposes. Residence Inn Boston Cambridge is located close to many iconic Boston landmarks. Xenia Hotels & Resorts, Inc. is a self-advised and self-administered REIT that invests in uniquely positioned luxury and upper upscale hotels and resorts, with a focus on the top 25 U.S. lodging markets as well as key leisure destinations in the United States. With complimentary Wi-Fi, a convenient hotel Market and well-equipped fitness center, Residence Inn Boston Cambridge has everything you need for a relaxing extended stay in a historic city. A hot breakfast is served each morning in the hotel’s restaurant, while a reception is provided in the evenings. Residence Inn By Marriott Boston Cambridge is 1.1 km from Harvard Bridge and features a picnic area and a tennis court. If you are a member of Xenia Hotels you may be interested in learning how to optimize your content on our network. Enjoy modern, flexible suites with all the comforts of home at Residence Inn. Xenia's hotels are in the luxury and upper upscale segments, and operated and/or licensed by industry leaders such as Marriott, Hyatt, Kimpton, Fairmont, Loews, and Hilton, as well as leading independent management companies including The Kessler Collection and Sage Hospitality. ORLANDO, Fla., Oct. 5, 2020 — Xenia Hotels & Resorts, Inc. (NYSE: XHR) (“Xenia” or the “Company”) today announced it has sold the 221-room Residence Inn Boston Cambridge in Cambridge, Massachusetts for a price of $107.5 million, or approximately $486,500 per key. The Company also retained the approximately $3.8 million balance in the FF&E reserve. Do NOT follow this link or you will be banned from the site. Residence Inn Boston Cambridge is an extended-stay hotel close to many of the city’s most popular attractions. ... Public garage passes sold at front desk for 20 USD per day with in/out access. Our pet-friendly hotel features extended-stay suites and a free breakfast buffet. Guests praise the comfy beds. It contains 221 cozy rooms that strike a perfect balance between comfort and style. "We are pleased to have completed the sale of Residence Inn Boston Cambridge, the only remaining select service asset in our portfolio," commented Marcel Verbaas, Xenia's Chairman and Chief Executive Officer. It’s an ideal location for students, business travelers, families, couples, and just about anyone else looking to enjoy a relaxing getaway in Boston. Xenia Hotels & Resorts, Inc. (NYSE: XHR) last week announced it has sold the 221-room Residence Inn Boston Cambridge in Cambridge, Massachusetts for a price of $107.5 million, or approximately $486,500 per key. Countless thoughtful amenities are available at Residence Inn Boston Cambridge. Read full article » 120 Broadway. Browse real photos from our stay. Enjoy exclusive discounts at parking garages and private spaces near the Residence Inn and book early to ensure you have a guaranteed reserved parking space for your next visit. Xenia Hotels & Resorts, Inc. | October 05, 2020, ©Copyright 2019 | Hotel-Online.com | All Rights Reserved, Xenia Hotels & Resorts Sells Residence Inn Boston Cambridge for $107.5 Million, The Outlook for Hospitality, Part 3: Technology Vendors Reveal the Solutions That are Helping the Industry Recover, Oxford Capital Group Expands California Portfolio With Acquisition of 5 Hotels, Accor Takes Full Ownership of sbe Hotel Brands, The Axton Group Acquires the Renaissance Austin Hotel in Texas for $70 Million, Wheelock Street Capital Acquires Hotel Contessa in San Antonio, Texas, Alpine Investors’ ASG Acquires ProfitSword, Market Leading Hospitality Software, Eagle Four Partners and Lyon Living Acquire the Newport Beach Marriott Hotel & Spa, Commonwealth Hotels Adds Home2 Suites by Hilton El Reno to Management Portfolio, EOS Investors Acquires Faro Blanco Resort & Yacht Club, Twin River Acquires Operations of Tropicana Evansville Casino from Caesars for $140M, EOS Investors Acquires Viceroy L’Ermitage Beverly Hills, Deal Activity in Travel & Tourism Sector Declined by 11.3% During September, The Indigo Road Hospitality Group Acquires The Skyline Lodge in Highlands, North Carolina, New Owners for Historic Maxwell Mansion Hotel in Lake Geneva, Wisconsin, The ART Hotel Denver Joins Curio Collection by Hilton, Twin River Acquires Iconic Bally’s Brand From Caesars Entertainment, Aimbridge Hospitality Adds 16 Extended Stay America Properties to Management Portfolio, InnVentures Selected to Manage SpringHill Suites by Marriott Bozeman and Hyatt Place Dallas/North Arlington/Grand Prairie, Highgate Assumes Management of Trust Hospitality Portfolio of 22 Lifestyle Properties, Caesars Entertainment and VICI Properties Complete Sale of Harrah’s Reno to CAI Investments for $41.5M, Paramount Lodging Advisors Successfully Transacts the Spanish Garden Inn Santa Barbara. Cambridge, Massachusetts 02142 USA. Residence Inn Boston Cambridge Sold For $107.5 Million Xenia Hotels & Resorts, Inc. (NYSE: XHR) last week announced it has sold the 221-room Residence Inn Boston Cambridge in … Xenia Hotels & Resorts Inc. has sold the Residence Inn Boston Cambridge in Cambridge, Mass., in a transaction valued at $107.5 million. Property Details. Xenia Hotels & Resorts Sells Residence Inn Boston Cambridge For $107.5M 10/1/20 Xenia Hotels & Resorts, Inc. (NYSE: XHR) today announced it has sold the 221-room Residence Inn Boston Cambridge in Cambridge, Massachusetts for a price of $107.5 million, or approximately $486,500 per key.

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