Ashford Hospitality Trust, Inc. (NYSE: AHT) today announced that it has closed on the sale of the 390-room Hilton Boston Back Bay in Boston, Massachusetts for $171 million ($438,000 per key).
Certares today announced its twelfth hotel acquisition. The firm purchased the 390-room Hilton Boston Back Bay, inclusive of a 209-space parking garage, for $171 million. This acquisition was made in partnership with Belcourt Capital Partners.
A veteran Hilton employee for 26 years, Brown arrives in Boston after a five-month temporary assignment as general manager of the Doubletree Plymouth Meeting.
Highland Hospitality Corporation (NYSE:HIH) announced the signing of a definitive agreement to acquire the 385-room Hilton Boston Back Bay hotel. The purchase price for the hotel is $110.0 million, or approximately $286,000 per room.