SpringHill Suites Boston Peabody_Property for Sale
SpringHill Suites Boston Peabody_Property for Sale
43 Newbury Street, Peabody, MA, 01960, US

SpringHill Suites Boston Peabody

Asset description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer, on an exclusive basis, the fee simple interest in the 164-room SpringHill Suites Boston Peabody (the “Hotel” or “Property”). Through September of 2023, the owner has invested $3.2 million (~$19,000/key) into the Hotel. The on-property amenities include an indoor pool, fitness center, and meeting space.


Located in Peabody, Massachusetts, the SpringHill Suites Boston Peabody offers investors the opportunity to acquire an institutional-quality, Marriott-branded, all-suite hotel with strong in-place cash flow at an attractive basis. The Hotel is being offered unencumbered by management and at a significant discount to replacement cost in the high-barrier New England hospitality market.


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Attributes

Number of units
164 units
Year built
2002
Year renovated
2023
Land area gross
2.54 ha

Media

Investment highlights

  • Strategic Suburban Boston Location
  • Access to Diverse Demand Drivers
  • High-Quality, All-Suite Hotel
  • Industry-Leading Marriott Brand Affiliation
  • Recently Renovated Hotel
  • Strong In-Place Cash Flow With Upside
  • Unencumbered by Management
SpringHill Suites Boston Peabody 4_Property for Sale
SpringHill Suites Boston Peabody 4_Property for Sale

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SpringHill Suites Boston Peabody (0 Properties)

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Last updated
Apr 9, 2024