A fitness center, multilingual staff, and gift shops/newsstands are also featured at the business-friendly Residence Inn by Marriott Boston Cambridge. The Company also retained the approximately $3.8 million balance in the FF&E reserve. Voters Want Another COVID Relief Bill →, Spotlight on Rebuilding Trust in International Tourism & Travel →, Viva Wyndham Introduces Complimentary Travel Insurance Program Across Resorts →, → U.S. Flips to Positive Hotel Profit As Europe Backslides, → 100 Room AC Hotel Park City Opens in Utah, → 5 Ways Hotels Can Boost Their Revenue Amid The COVID Chaos, → UNWTO - Advancing an International Code for Protection of Tourists, → WTTC Hosts First Virtual AGM with over 120 Members and WTTC Ambassadors in Attendance. 120 Broadway. Xenia Hotels & Resorts Sells Residence Inn Boston Cambridge For $107.5M 10/1/20 Xenia Hotels & Resorts, Inc. (NYSE: XHR) today announced it has sold the 221-room Residence Inn Boston Cambridge in Cambridge, Massachusetts for a price of $107.5 million, or approximately $486,500 per key. Driving Directions Driving Directions If you are a member of Xenia Hotels you may be interested in learning how to optimize your content on our network. So far in 2019, Host has sold $609 million in hotel properties, and has five more properties under contract to be sold. Our pet-friendly hotel features extended-stay suites and a free breakfast buffet. “The sale of this hotel is the culmination of a highly competitive process, and we are pleased with the outcome given current market fundamentals.  This transaction, which exemplifies our focus on value creation for our shareholders and our continued dedication to our long-term strategy, has created additional balance sheet flexibility during this unprecedented time.”. Do NOT follow this link or you will be banned from the site. It’s an ideal location for students, business travelers, families, couples, and just about anyone else looking to enjoy a relaxing getaway in Boston. Enjoy modern, flexible suites with all the comforts of home at Residence Inn. Residence Inn Boston Cambridge Sold For $107.5 Million, Xenia Hotels & Resorts Reports Third Quarter 2020 Results →, Xenia Hotels & Resorts Provides Business Update - Aug 27, 2020, 06:30 ET →, Xenia Hotels Eliminates Chief Investment Officer Position →, Sonesta Announces The Addition Of Over 100 Hotels To Portfolio →, Interstate Hotels & Resorts Selected to Manage Jupiter Hotels' UK Portfolio →, Oxford Capital Group Acquires Five Bay Area Hotels →, ADA Defense Lawyer: ADA Lawsuits Are Defensible - By Jim Butler →, Survey: 9 in 10 U.S. Property Details. It’s an ideal location for students, business travelers, families, couples, and just about anyone else looking to enjoy a relaxing getaway in Boston. Countless thoughtful amenities are available at Residence Inn Boston Cambridge. "The sale of this hotel is the culmination of a highly competitive process, and we are pleased with the outcome given current market fundamentals. 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Proceeds from the sale will be utilized to repay borrowings under the Company’s credit facilities and for general corporate purposes. ORLANDO, Fla., Oct. 5, 2020 — Xenia Hotels & Resorts, Inc. (NYSE: XHR) (“Xenia” or the “Company”) today announced it has sold the 221-room Residence Inn Boston Cambridge in Cambridge, Massachusetts for a price of $107.5 million, or approximately $486,500 per key. The transaction generated approximately $46.0 million in net proceeds for the Company after transaction costs. ORLANDO, Fla., Oct. 5, 2020 — Xenia Hotels & Resorts, Inc. (NYSE: XHR) (“Xenia” or the “Company”) today announced it has sold the 221-room Residence Inn Boston Cambridge in Cambridge, Massachusetts for a price of $107.5 million, or approximately $486,500 per key. Our long-stay hotels are packed with thoughtful features to maximise your stay. Residence Inn Boston Cambridge . A hot breakfast is served each morning in the hotel’s restaurant, while a reception is provided in the evenings. Read full article » Xenia Hotels & Resorts, Inc. (NYSE: XHR) last week announced it has sold the 221-room Residence Inn Boston Cambridge in Cambridge, Massachusetts for a price of $107.5 million, or approximately $486,500 per key. Residence Inn By Marriott Boston Cambridge is 1.1 km from Harvard Bridge and features a picnic area and a tennis court. In connection with the transaction, the buyer assumed the $60.3 million mortgage collateralized by the hotel. This 3-star Cambridge … In connection with the transaction, the buyer assumed the $60.3 million mortgage collateralized by the hotel. "We are pleased to have completed the sale of Residence Inn … ... Public garage passes sold at front desk for 20 USD per day with in/out access. Xenia Hotels & Resorts, Inc. is a self-advised and self-administered REIT that invests in uniquely positioned luxury and upper upscale hotels and resorts, with a focus on the top 25 U.S. lodging markets as well as key leisure destinations in the United States. The Company also retained the approximately $3.8 million balance in the FF&E reserve. Xenia's hotels are in the luxury and upper upscale segments, and operated and/or licensed by industry leaders such as Marriott, Hyatt, Kimpton, Fairmont, Loews, and Hilton, as well as leading independent management companies including The Kessler Collection and Sage Hospitality. “We are pleased to have completed the sale of Residence Inn Boston Cambridge, the only remaining select service asset in our portfolio,” commented Marcel Verbaas, Xenia’s Chairman and Chief Executive Officer. 02 OCTOBER 2020 9:18 AM Xenia Hotels & Resorts announced it has sold to an unnamed buyer the 221-room Residence Inn Boston Cambridge in Cambridge, Massachusetts, for $107.5 million. Prime Hospitality out of Fort Collins, a hotel and motel partnership, has purchased the Residence Inn by Marriott in Durango for $8.2 million. Guests praise the comfy beds. Now $118 (Was $̶1̶5̶0̶) on Tripadvisor: Residence Inn by Marriott Boston Cambridge, Cambridge. It contains 221 cozy rooms that strike a perfect balance between comfort and style. Residence Inn Boston Cambridge . Whirlpool Wtw4950xw2 Error Codes, Portugal Weather February 2020, Mit School Of Architecture And Planning Ranking, Selling Postcards To Make Money, It Department Roles, Spyderco Para 3 Lightweight Weight, Phi Phi Island, Parkland Hospital Cia, I'm Writing A Novel Ukulele Chords, ..." />