residence inn cambridge sold

Read full article » For more information on Xenia's business, refer to the Company website at www.xeniareit.com. View deals for Residence Inn by Marriott Boston Cambridge, including fully refundable rates with free cancellation. 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. The Company also retained the approximately $3.8 million balance in the FF&E reserve. The Company also retained the approximately $3.8 million balance in the FF&E reserve. Our long-stay hotels are packed with thoughtful features to maximise your stay. Punctuate a satisfying day of business or exploration by stopping by The Residence Inn Mix™ social event, available three nights per week. 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. 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 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.”. "We are pleased to have completed the sale of Residence Inn Boston Cambridge, the only remaining select service asset in our portfolio," commented Marcel … Xenia: Residence Inn Boston Cambridge Sold For $107.5 Million 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 Boston Cambridge is located close to many iconic Boston landmarks. The previously announced sale of Marriott Napa Valley Hotel & Spa is expected to close before the end of October in accordance with the terms of the purchase and sale agreement that the Company executed in August. 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. 847 CAMBRIDGE, MA — Xenia Hotels & Resorts, Inc. announced it has sold the 221-room Residence Inn Cambridge in Cambridge, MA for a price of $107.5 million, or approximately $486,500 per key. All guest accommodations at Residence Inn Boston Cambridge feature a fully equipped kitchen. The rooms are all equipped with a double sofa bed and a flat-screen satellite TV. In connection with the transaction, the buyer assumed the $60.3 million mortgage collateralized by the hotel. Cambridge, Massachusetts 02142 USA. "The sale of this hotel is the culmination of a highly competitive process, and we are pleased with the outcome given current market fundamentals. 120 Broadway. Residence Inn Boston Cambridge is located close to many iconic Boston landmarks. The sale price represents a 11.6x multiple and a 7.8% capitalization rate on the hotel’s 2019 Hotel EBITDA and net operating income, respectively. Residence Inn by Marriott Boston Cambridge, Cambridge: See 534 traveller reviews, 234 photos, and cheap rates for Residence Inn by Marriott Boston Cambridge, ranked #8 of 21 hotels in Cambridge and rated 4 of 5 at Tripadvisor. 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CAMBRIDGE, MA — Xenia Hotels & Resorts, Inc. announced it has sold the 221-room Residence Inn Cambridge in Cambridge, MA for a price of $107.5 million, or approximately $486,500 per key. "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. Driving Directions Cambridge, Massachusetts 02142 USA. Property Details. Our pet-friendly hotel features extended-stay suites and a free breakfast buffet. The property offers 221 apartment-style hotel accommodations with fully equipped kitchens, separate living spaces, and a thoughtful collection of modern amenities.

Countless thoughtful amenities are available at Residence Inn Boston Cambridge. “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. See 535 traveler reviews, 234 candid photos, and great deals for Residence Inn by Marriott Boston Cambridge, ranked #8 of 21 hotels in Cambridge and rated 4 of 5 at Tripadvisor. About Residence Inn Boston Cambridge 100 Broadway, Kendall Square, Cambridge, MA The Residence Inn Boston Cambridge is a 15-story hotel located in the heart of Kendall Square. So far in 2019, Host has sold $609 million in hotel properties, and has five more properties under contract to be sold. RI-Cambridge-GM, General Manager at Residence Inn by Marriott Boston Cambridge, responded to this review Responded January 2, 2020 Dear dalmoz, Thank you for recently staying with us and for taking the time to let us know about your stay. It’s an ideal location for students, business travelers, families, couples, and just about anyone else looking to enjoy a relaxing getaway in Boston. The sale price represents a 11.6x multiple and a 7.8% capitalization rate on the hotel's 2019 Hotel EBITDA and net operating income, respectively. 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. Copyright © 1998 - 2020 Hotel News Resource. The most reliable place for accurate and unbiased hotel reviews. ... Public garage passes sold at front desk for 40 USD per day with in/out access. With complimentary Wi-Fi, a convenient hotel Market and well-equipped fitness center, Residence Inn Boston Cambridge has everything you need for a relaxing extended stay in a historic city. Residence Inn Boston Cambridge is an extended-stay hotel close to many of the city’s most popular attractions. WiFi and an evening social are free, and this hotel also features a gym. A fitness center, multilingual staff, and gift shops/newsstands are also featured at the business-friendly Residence Inn by Marriott Boston Cambridge. 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. Xenia Hotels & Resorts Inc. has sold the Residence Inn Boston Cambridge in Cambridge, Mass., in a transaction valued at $107.5 million. "We are pleased to have completed the sale of Residence Inn … The Company owns 38 hotels comprising 11,024 rooms across 16 states. 120 Broadway. Do NOT follow this link or you will be banned from the site. 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. If you are a member of Xenia Hotels you may be interested in learning how to optimize your content on our network. Browse real photos from our stay. Suites with all the comforts of home at Residence Inn by Marriott Boston Cambridge is an extended-stay hotel close many. Approximatelyâ $ 46.0 million in net proceeds for the Company after transaction costs are available at Residence Boston! From Harvard Bridge and features a picnic area and a tennis court a satellite. 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