North Palm Beach, FL-based Electra America Hospitality Group has acquired the 190-room Kimpton Nine Zero hotel in downtown Boston and has converted the property into Hotel AKA Boston Common.

The property was acquired in an off-market transaction and marks the second Boston hotel purchase of Electra America Hospitality Group, a $750-million discretionary hospitality fund, and AKA. In August of 2022, EAHG acquired and converted the 225-room Loews Boston Hotel into Hotel AKA Back Bay.

Electra America Hospitality Group will invest $15 million in renovations to bring the property up to AKA brand standards. The property will feature luxury suites with views of the Boston Common and an enhanced, popular neighborhood dining venue.

Since launching two years ago, Electra America Hospitality Group (part of real estate private equity firm Electra America) has acquired seven hotels in the US, helping AKA expand its portfolio in cities including Manhattan and Washington DC, and establish a presence in cities including Boston, Miami and West Palm Beach.