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| Copley Square Hotel, 47 Huntington Avenue, Boston’s high-end Back Bay neighborhood |
BOSTON, MA – JLL announced it has closed the sale of Copley Square Hotel, a 143-room independent boutique hotel in Boston’s high-end Back Bay neighborhood.
JLL marketed the property on behalf of institutional clients managed by Barings, one of the world’s largest real estate investment managers.
Hawkins Way Capital purchased the hotel unencumbered of existing brand or management.
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| Denny Meikleham |
Hawkins Way Capital purchased the hotel unencumbered of existing brand or management.
Built in 1891, the Copley Square Hotel is an historic boutique hotel that provides guests with modern amenities, including large room layouts with 250-degree city views, 1,500 square feet of meeting and event space, a 24-hour fitness center, nightly wine-down hour and 11,800 square feet of retail that includes 2,800 square feet of vacant ground-floor retail and a lower-level nightclub.
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| Alan Suzuki |
The live-work-play area houses shopping, restaurants and an abundance of popular demand drivers, including the world-renowned Newbury Street, nationally acclaimed colleges and universities, Fenway Park, the Prudential Center and strong corporate demand generated by numerous Fortune 500 companies.
The JLL Capital Markets team was led by Managing Director Denny Meikleham, Senior Director Alan Suzuki and Director Matt Enright.
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| Matt Enright |
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.
The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization.
The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.
The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization.
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| Lew Wolfe |
According to a 2019 JLL Hotel Investment Outlook Report, global hotel transaction volumes are predicted to reach $67 billion by the end of the year.
In the U.S., the outlook for hotel investments is relatively positive, with the market upholding 2018’s level of transactions.
In the U.S., the outlook for hotel investments is relatively positive, with the market upholding 2018’s level of transactions.
For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: U.S. newsroom.
Deal secured by Holliday Fenoglio Fowler LP (“HFF”) prior to being acquired by JLL on July 1, 2019. Co-brokerage services provided by Jones Lang LaSalle Americas, Inc.
The company, led by managing partners Ross Walker and Karan Suri and advising partner Lew Wolff, manages equity funds for select family offices and institutions.
About Hawkins Way Capital
Hawkins Way Capital is a vertically integrated real estate company based in Beverly Hills, California, focused on value-added and opportunistic investments and developments across various asset classes and geographies.
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| Karan Suri |
Hawkins Way’s portfolio currently includes owning and operating hospitality and multifamily units throughout the United States.
About Barings
Barings is a $335+ billion* global financial services firm dedicated to meeting the evolving investment and capital needs of our clients and customers.
Through active asset management and direct origination, Barings provides innovative solutions and access to differentiated opportunities across public and private capital markets.
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| Ross Walker |
A subsidiary of MassMutual, Barings maintains a strong global presence with business and investment professionals located across North America, Europe and Asia Pacific.
*As of September 30, 2019.
Contact:
Kimberly Steele
JLL Digital Content/PR Specialist
Phone: +1 713 852-3420
Email: Kimberly.Steele@am.jll.com
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