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Boston & New England  + Massachusetts  + Hospitality  | 

Ares, CV Properties Secure $140M Financing for Boston Hotels

The 330-room Aloft Hotel and the 180-room Element Hotel in Boston’s Seaport District have received $140 million in financing. HFF worked on behalf of the borrower, a venture between a fund managed by an affiliate of New York-based Ares Management and Boston-based CV Properties LLC, to secure the loan through Starwood Property Trust.

The Aloft Hotel is a 13-story hotel with 330 guestrooms and such amenities as a fitness center, pool, outdoor entertainment area and Aloft’s signature w xyz bar. The six-story Element Hotel was designed for longer-stay travelers, and features 180 guestrooms with fully-equipped kitchens, flexible work space and spa-inspired bathrooms.

HFF’s debt placement team representing the borrower included Anthony Cutone and Matthew Enright. HFF previously arranged construction financing for the properties, located adjacent to the Boston Convention and Exhibition Center (BCEC) in 2014. The hotels opened for business in early 2016.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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