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| CVS Properties Rendering of Planned Canopy by Hilton Boston Downtown Hotel |
BOSTON, MA – JLL announced it has arranged $75 million in construction financing for the development of Canopy by Hilton Boston Downtown, a 212-room boutique hotel to be built across from the Rose Kennedy Greenway in Downtown Boston.
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| Anthony Cutone |
Canopy by Hilton offers a local experience with a boutique hotel feel. The six-story Canopy by Hilton Boston Downtown will feature a fitness center, 1600 square feet of meeting space, three street-level restaurant/retail spaces totaling 12,711 square feet, one of which will have access to an outdoor terrace that faces Hanover Street; and a second-floor hotel operated café/bar.
The property will be built on a 1.2-acre site bounded by Hanover Street to the north, Blackstone Street to the west, North Street to the south and the John Fitzgerald Surface Road and Rose Kennedy Greenway to the east.
The hotel’s central, downtown location provides guests with access to a diverse set of demand drivers, including Faneuil Hall, the Financial District, Back Bay and more. Additionally, Boston’s famed Freedom Trail abuts the site and connects the property to international tourist attractions.
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| Matthew Enright |
“JLL is pleased to have arranged the construction loan with Citizens Bank on behalf of this great sponsorship team,” Cutone said. “The Canopy will be a wonderful addition to the Rose Kennedy Greenway and the surrounding neighborhoods, and we are thankful to have been included on the development team for this outstanding new project.”
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.
Contact:
Kimberly Steele
JLL Digital Content/PR Specialist
Phone: +1 713 852-3420
Email: Kimberly.Steele@am.jll.com
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