
Hersha Hospitality Trust Lets Go of Courtyard Boston South Boston Hotel
Hersha Hospitality Trust has sold the Courtyard Boston South Boston, a 164-key select-service hotel in Boston, MA.
Alan Suzuki and Matthew Enright of JLL represented Hersha Hospitality Trust, a Philadelphia, PA-based self-advised real estate investment trust that owns 25 hotels totaling 3,811 rooms Boston, DC and Philadelphia as well as in CA, NY, and FL.
“This transaction coincides with a strong recovery in operating fundamentals in Boston as market RevPAR has well-exceeded pre-pandemic levels in the past few months,” said Suzuki.
Courtyard Boston South Boston opened in 2005 under the Courtyard by Marriott brand. The six-story hotel includes a fitness center, business center, guest laundry, sundry and 625 square feet of meeting and event space. In addition, the hotel has an on-site restaurant serving a variety of breakfast and dinner options as well as a 6,000-square-foot retail space.
The hotel, which is just 10 minutes from downtown Boston, is adjacent to Interstate 93 and is within walking distance of two MBTA train stations, Andrew Square and Newmarket Station, in addition to bus stops.
- ◦Sale/Acquisition