Loews Acquires Back Bay Hotel In Boston

Posted by Orb Staff on January 22, 2013 No Comments
Categories : Commercial Mortgage

13141_backbayhotel Loews Acquires Back Bay Hotel In Boston New York-based Loews Hotels & Resorts has entered into an agreement to purchase The Back Bay Hotel in Boston from The Doyle Collection. The acquisition is expected to close in February.

‘Boston is one of the most vibrant markets in the U.S., and an excellent city for a Loews property,’ says Jonathan Tisch, chairman of Loews Hotels & Resorts. ‘This one-of-a-kind, historic hotel is a unique addition to our growing portfolio.’

Originally constructed in the 1920s as the Boston Police Department headquarters and occupied as such until the late 1990s, the property was extensively redeveloped and reopened in 2004 as Jurys Boston Hotel; it took on its current name in 2009. The hotel features 225 guestrooms, meeting and event space, and two restaurants.

The new acquisition expands the Loews portfolio to 21 hotels, including two under construction in Orlando and Chicago.

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