Tuesday, March 17, 2009

Hyatt Regency Boston Trades for $220k per Key

CoStar reports the Hyatt purchased the hotel for $110 mm from Host.

Hyatt Corp. has purchased the Hyatt Regency in downtown Boston from Host Hotels & Resorts for $110 million, or more than $220,000 per room, CoStar has confirmed.

The 22-story hotel has 498 rooms at 1 Avenue De Lafayette, a few blocks east of Boston Common. It was constructed in 1984 and renovated in 2001, and earned the government's Energy Star label in December for its energy efficiency. It includes a business center, fitness center, indoor pool and a spa, and a steam room and sauna.

Please see CoStar COMPS #1663405 for additional information.

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