residence inn cambridge sold

Prime Hospitality out of Fort Collins, a hotel and motel partnership, has purchased the Residence Inn by Marriott in Durango for $8.2 million. Property Details. It’s an ideal location for students, business travelers, families, couples, and just about anyone else looking to enjoy a relaxing getaway in Boston. Now $118 (Was $̶1̶5̶0̶) on Tripadvisor: Residence Inn by Marriott Boston Cambridge, Cambridge. Guests praise the comfy beds. About Residence Inn Boston Cambridge 100 Broadway, Kendall Square, Cambridge, MA The Residence Inn Boston Cambridge is a 15-story hotel located in the heart of Kendall Square. 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. 120 Broadway. For a fee, parking is available. Countless thoughtful amenities are available at Residence Inn Boston Cambridge. Punctuate a satisfying day of business or exploration by stopping by The Residence Inn Mix™ social event, available three nights per week. Hotel News Resource has a very loyal audience and many companies take advantage of our ability to fine tune information about your organization for them. CAMBRIDGE, MA — Xenia Hotels & Resorts, Inc. announced it has sold the 221-room Residence Inn Cambridge in Cambridge, MA for a price of $107.5 million, or approximately $486,500 per key. 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. 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. "We are pleased to have completed the sale of Residence Inn … Cambridge, Massachusetts 02142 USA. “We are pleased to have completed the sale of Residence Inn Boston Cambridge, the only remaining select service asset in our portfolio,” said Marcel Verbaas, Xenia’s chairman and CEO. ... Public garage passes sold at front desk for 40 USD per day with in/out access. Residence Inn Boston Cambridge . See 535 traveler reviews, 234 candid photos, and great deals for Residence Inn by Marriott Boston Cambridge, ranked #8 of 21 hotels in Cambridge and rated 4 of 5 at Tripadvisor. The most reliable place for accurate and unbiased hotel reviews. The sale price represents a 11.6x multiple and a 7.8% capitalization rate on the hotel's 2019 Hotel EBITDA and net operating income, respectively. The previously announced sale of Marriott Napa Valley Hotel & Spa is expected to close before the end of October in accordance with the terms of the purchase and sale agreement that the Company executed in August. A hot breakfast is served each morning in the hotel’s restaurant, while a reception is provided in the evenings. Browse real photos from our stay. ORLANDO, Fla., Oct. 1, 2020 /PRNewswire/ -- 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. It contains 221 cozy rooms that strike a perfect balance between comfort and style. If you are a member of Xenia Hotels you may be interested in learning how to optimize your content on our network. All guest accommodations at Residence Inn Boston Cambridge feature a fully equipped kitchen. Xenia Hotels & Resorts Inc. has sold the Residence Inn Boston Cambridge in Cambridge, Mass., in a transaction valued at $107.5 million. 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. Article - Residence Inn by Marriott Boston Watertown Sold - Summit Hotel Properties, Inc. (NYSE: INN) reported today that it has completed the acquisition of the 150-guestroom Residence Inn … "We are pleased to have completed the sale of Residence Inn Boston Cambridge, the only remaining select service asset in our portfolio," commented Marcel … 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. 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. Copyright © 1998 - 2020 Hotel News Resource. In connection with the transaction, the buyer assumed the $60.3 million mortgage collateralized by the hotel. Residence Inn By Marriott Boston Cambridge is 1.1 km from Harvard Bridge and features a picnic area and a tennis court. All rights reserved. Enjoy modern, flexible suites with all the comforts of home at Residence Inn. Oyster.com secret investigators tell all about Residence Inn by Marriott Boston Cambridge. Xenia Hotels & Resorts has sold the Residence Inn Boston Cambridge hotel in Cambridge, Massachusetts, for $107.5 million in a transaction that marks the sale … 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. As the first news aggregate for the hotel industry, Hotel-Online is the industry’s must-read daily news source for everything hotel curated for busy professionals. The transaction generated approximately $46.0 million in net proceeds for the Company after transaction costs. Driving Directions The property offers 221 apartment-style hotel accommodations with fully equipped kitchens, separate living spaces, and a thoughtful collection of modern amenities.

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. Cambridge, Massachusetts 02142 USA. 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. Countless thoughtful amenities are available at Residence Inn Boston Cambridge. Do NOT follow this link or you will be banned from the site. Sign up today for industry news delivered to your inbox. 847 CAMBRIDGE, MA — Xenia Hotels & Resorts, Inc. announced it has sold the 221-room Residence Inn Cambridge in Cambridge, MA for a price of $107.5 million, or approximately $486,500 per key. Read full article » The sale price represents a 11.6x multiple and a 7.8% capitalization rate on the hotel’s 2019 Hotel EBITDA and net operating income, respectively. Our pet-friendly hotel features extended-stay suites and a free breakfast buffet. Proceeds from the sale will be utilized to repay borrowings under the Company's credit facilities and for general corporate purposes. This transaction, which exemplifies our focus on value creation for our shareholders and our continued dedication to our long-term strategy, has created additional balance sheet flexibility during this unprecedented time.". 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 Sold For $107.5 Million, Xenia Hotels & Resorts Reports Third Quarter 2020 Results →, Xenia Hotels & Resorts Provides Business Update - Aug 27, 2020, 06:30 ET →, Xenia Hotels Eliminates Chief Investment Officer Position →, Sonesta Announces The Addition Of Over 100 Hotels To Portfolio →, Interstate Hotels & Resorts Selected to Manage Jupiter Hotels' UK Portfolio →, Oxford Capital Group Acquires Five Bay Area Hotels →, ADA Defense Lawyer: ADA Lawsuits Are Defensible - By Jim Butler →, Survey: 9 in 10 U.S. So far in 2019, Host has sold $609 million in hotel properties, and has five more properties under contract to be sold. Driving Directions Voters Want Another COVID Relief Bill →, Spotlight on Rebuilding Trust in International Tourism & Travel →, Viva Wyndham Introduces Complimentary Travel Insurance Program Across Resorts →, → U.S. Flips to Positive Hotel Profit As Europe Backslides, → 100 Room AC Hotel Park City Opens in Utah, → 5 Ways Hotels Can Boost Their Revenue Amid The COVID Chaos, → UNWTO - Advancing an International Code for Protection of Tourists, → WTTC Hosts First Virtual AGM with over 120 Members and WTTC Ambassadors in Attendance. by Released Xenia Hotels & Resorts has sold the 221-room Residence Inn Boston Cambridge in Cambridge, Mass., for $107.5 million. View deals for Residence Inn by Marriott Boston Cambridge, including fully refundable rates with free cancellation. The Company also retained the approximately $3.8 million balance in the FF&E reserve. ... Public garage passes sold at front desk for 20 USD per day with in/out access.

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