Map pin891 Massachusetts Avenue, Boston, MA, 02118, US

891 & 841 Massachusetts Avenue | Boston, MA

891 & 841 Massachusetts Avenue | Boston, MA_판매용 부동산

개요

92
건축년도
1960
건물 총면적
4,957 제곱미터
층 수
6
소포
0801014000; 0800907000; 0800911000
토지 총면적
0.27 헥타르

묘사

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer, on an exclusive basis, the fee simple interest in 891 & 841 Massachusetts Avenue (the “Hotel” or “Property”) in Boston, Massachusetts. The offering features three parcels, totaling 0.67 acres, which include the hotel site and adjacent parking lots.


The Property, formerly a 92-suite Best Western Plus, featured a fitness center, a business center, complimentary breakfast, and complimentary parking. Prior to its strategic closure in 2020 due to the COVID-19 pandemic, the Hotel demonstrated strong operational performance. In the trailing 12 months as of October 2019, the Hotel achieved an occupancy of 87%, an ADR of $177, a RevPAR of $155, rooms revenue of $5.2M and total revenues of $5.4M.


Between June 2020 and September 2024, the Property was temporarily repurposed through leases with numerous nonprofits. The Property is currently undergoing renovations and is scheduled to partially reopen as a hotel later this summer.


The Property benefits from a strategic location just south of Downtown Boston, with immediate access to Interstate 93 and convenient access to two MBTA stations. The city’s most desirable neighborhoods, including Downtown Boston, the Seaport District, Back Bay, South End, Longwood Medical Area, and Fenway – home to the Boston Red Sox – are all easily accessible within a 10-minute drive. Benefiting from its proximity to a wide array of demand drivers, including world-renowned tourist attractions, corporate headquarters, life science companies, and leading healthcare institutions like Boston Medical Center, the Property attracts a diverse mix of leisure, extended-stay, and corporate travelers, making it a convenient destination for visitors to Boston.


891 & 841 Massachusetts Avenue offers investors a blank slate opportunity to acquire an all-suite lodging asset in the high-barrier Boston market. The Hotel is being offered completely unencumbered by brand and management, allowing investors complete business plan optionality as it relates to preferred branding or redevelopment/repositioning plan.

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투자 하이라이트

  1. All-Suite Lodging Asset & Adjacent Parking Lot
  2. Strong Historical Performance
  3. Proximity To Downtown Boston
  4. Strong Boston Lodging Market
  5. Attractive Basis, Discount to Replacement Cost in High-Barrier Market
  6. Completely Unencumbered by Brand & Management
  7. Business Plan Optionality, Alternative Use Potential
891 & 841 Massachusetts Avenue | Boston, MA 4_판매용 부동산
891 & 841 Massachusetts Avenue | Boston, MA 4_판매용 부동산
891 & 841 Massachusetts Avenue | Boston, MA (0 부동산)

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