Mission Hill Buy of Dual-Branded Hotels in Waltham Expands Roster to 18
Mission Hill Hospitality has acquired the Residence Inn and Fairfield Inn & Suites Boston Waltham in MA. Island Hospitality will operate the hotels on behalf of Mission Hill Hospitality.
The Boston-area acquisitions are the 17th and 18th hotels added to the Mission Hill Hospitality portfolio (five properties in MA and nine throughout New England) since the company was launched 12 months ago.
The five-story, 192-key Residence Inn and Fairfield Inn & Suites Boston Waltham was built in 2018 as a single-building, dual-branded hotel featuring lobby and bar, indoor pool and newest extended-stay guestrooms in the market. The hotels are located at 250 Second Avenue, highly visible from I-95/Rt 128 and close to plentiful dining and entertainment options. Waltham is a top corporate market for bioscience and technology, featuring more than 23 million square feet of office and lab space with vacancy rates below 10%.
- ◦Sale/Acquisition