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Citizens Bank Provides $75M Construction Loan for Downtown Hotel
Citizens Bank has provided a $75 million construction loan for the development of Canopy by Hilton Boston Downtown, a 212-room boutique hotel to be built across from the Rose Kennedy Greenway in Downtown Boston.
The six-story Canopy by Hilton Boston Downtown will feature a fitness center, 1,600 square feet of meeting space, three street-level restaurant/retail spaces totaling 12,711 square feet and a second-floor hotel operated café/bar. The property will be built on a 1.2-acre site bounded by Hanover Street to the north, Blackstone Street to the west, North Street to the south and the John Fitzgerald Surface Road and Rose Kennedy Greenway to the east.
Anthony Cutone and Matt Enright of JLL worked on behalf of the developer, a partnership between Olshan Properties, CV Properties and Harbinger Development, to place the construction loan with Citizens Bank.
For comments, questions or concerns, please contact David Cohen
- ◦Financing
- ◦Development
