Announced
Financials
Sources
Tags
Pending
United States
Hotels and Motels
hotel
Acquisition
Domestic
Majority
Private
Private Equity
Real Estate
Friendly
Single Bidder
Synopsis
Certares, an investment management company, and Belcourt Capital Partners to acquire Hilton Boston Back Bay, an investment company, for $171m. "Boston is one of the only true 'seven-day-a-week' lodging markets in the US, with demand driven by a diverse set of corporate and leisure travelers. The city is home to major corporate tenants, world-class colleges and universities, numerous leading medical centers, state-of-the-art life science facilities and a wealth of after-work and weekend leisure activities, making this an incredibly attractive investment," Nolan Hecht, Certares Senior Managing Director and Head of Real Estate.
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