HWE Brokers Sale of 112-Room Holiday Inn Express & Suites Boston
Boutique real estate capital markets advisor Hodges Ward Elliot has arranged the sale of the 112-room Holiday Inn Express & Suites Boston in Cambridge. The sale was part of a two-property hotel portfolio which also included the 153-room Capitol Hill Hotel in Washington D.C. The sales price was not disclosed.
The Holiday Inn Express & Suites Boston-Cambridge is within walking distance of the Museum of Science and Kendall Square. This hotel is located at 250 Monsignor O’Brien Highway and is nearby TD Garden and the USS Constitution Museum.
Cyrus Vazifdar, Jay Morrow, Michael Tormey and Alex Yiankes of Hodges Ward Elliot represented the seller, Hersha Hospitality Trust, in the transaction. Additionally, HWE’s capital markets team sourced the acquisition financing for the undisclosed buyer.
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.