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| Hotel Tria, Alewife Brook Parkway, Cambridge, MA |
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| Denny Meikleham |
BOSTON, MA, Feb. 10, 2016
– Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the
sale of The Hotel Tria, a 121-room
Best Western Plus Hotel in Cambridge, Massachusetts.
HFF marketed the property
on behalf of the seller, Boston-based KW Development LLC, who has developed,
owned and managed several hotels throughout New England since its inception in
1984.
The Hotel Tria was completely
redeveloped and expanded in 2009 from a 69-room limited service hotel to a
121-room boutique hotel with brand new furnishings, mechanical systems and
public space.
The four-story hotel features Hotel Tria Bar
220, Starbucks Café, complimentary hot breakfast, complimentary high speed
Internet access, complimentary shuttle service, complimentary parking, a
business center, fitness room and two meeting rooms totaling 1,014 square feet.
The Hotel Tria is situated
on Alewife Brook Parkway within walking
distance of the MBTA Alewife Station, providing access to Harvard Square, Davis
Square, Kendall Square and downtown Boston.
Local demand drivers
include Harvard University, MIT and Tufts University, all of which are within
three miles of the property. In addition,
the hotel is situated in the West Cambridge office and laboratory submarket
providing corporate demand from biotechnology and life science companies,
Biogen Idec, Novartis, Pfizer and Sanofi/Genzyme and others such as Raytheon
and Forrester Research.
The HFF investment sales
team representing the seller was led by managing director Denny Meikleham and director Alan
Suzuki.
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
Director
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 |
Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
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