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| Four Points by Sheraton Boston Logan Airport Hotel, Revere, MA |
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| Lauren O'Neil |
BOSTON, MA –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has closed the sale and arranged
financing for the 180-room Four Points
by Sheraton Boston Logan Airport located in Revere, Massachusetts.
HFF marketed the property
on behalf of the seller, Logan Hospitality Associates, LLC, a division of KW
Development, LLC. Fingerprint
Hospitality, LLC was an advisor to and an investor in the buyer. Driftwood Hospitality will manage the asset.
Additionally, HFF worked on behalf of the
buyer to secure a three-year, floating-rate acquisition loan through TIAA
Direct, a division of TIAA-CREF Trust Company, FSB.
Located at 427 Squire Road
at the Route 60/Route 1 intersection, the Four Points by Sheraton Boston Logan
Airport is less than five miles from Logan International Airport and
approximately six miles from downtown Boston.
The property sits on 3.3 acres of land
adjacent to the Northgate Shopping Center, and is the only hotel within its
competitive set to offer restaurant and entertainment amenities within walking
distance.
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| Denny Meikleham |
Renovated in 2013, the
hotel offers guests 3,755 square feet of meeting space, an indoor pool, fitness
room, complimentary shuttle service, complimentary hot breakfast and in-room high-speed
Internet access.
The hotel also features
the Bisuteki Japanese Steakhouse (leased) and a park and fly operation for
travelers to Logan International Airport.
The HFF investment sales
team representing the seller was led by managing director Denny Meikleham and director Alan
Suzuki.
HFF’s debt placement team
was led by director Lauren O’Neil.
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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