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| Aloft Lexington Hotel and Element Lexington Hotel, Lexington, MA |
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| Denny Meikleham |
BOSTON,
MA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of
the 136-room aloft Lexington and the 123-room element Lexington, two hotels situated
in the northwest Boston suburb of Lexington, Massachusetts.
HFF
marketed the property on behalf of the seller, Rockwood Capital, LLC. A confidential buyer purchased the hotels for
$54 million, unencumbered by management.
The
aloft and element Lexington hotels were developed in 2008 as prototypes for the
brands and are the only Starwood select-service/extended-stay products along
Route 128 in suburban Boston.
The
aloft offers hotel guests light grab-and-go dining, the w xyz bar, an indoor
swimming pool, business center, game room, fitness room, meeting room and
complimentary shuttle service.
The element features complimentary breakfast,
evening reception, an indoor swimming pool, business center, fitness room,
meeting room and complimentary shuttle service.
The
hotels are situated on a 12.7-acre site at 727 Marrett Road at the intersection
of Interstate 95/Route 128 and Route 2A in Lexington, about 16 miles northwest
of Boston.
 |
| Alan Suzuki |
Within
a five mile radius of the hotels exists more than 15 million square feet of
office space, occupied by top corporate demand generators VistaPrint, Shire
Pharmaceuticals and Raytheon.
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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