Columbia Sussex Corp. Secures $75M Loan For Quincy Hotel - J.P. Morgan Chase

The Boston Marriott Quincy, a 466-room hotel located at 1000 Marriott Dr in Quincy, MA, 02169, has undergone acquisition and renovation financed by $75 million from Square Mile Capital Management and JPMorgan Chase. The hotel boasts amenities such as a fitness center, indoor swimming pool, business center, and 16,000 square feet of renovated meeting space.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $75,000,000.00
• Borrower: Columbia Sussex Corp.
• Lender: J.P. Morgan Chase & Company
• Borrower's Representatives: Lawrence Britvan(CBRE), Matt Jacobs(CBRE)
• Market: Quincy

Lawrence Britvasn and Matt Jacobs of Hodges Ward Elliot in New York were the key individuals who arranged the financing for Columbia Sussex Corp., a privately owned hotel owner and operator based in Crestview Hills, Ky. The company holds a portfolio of more than 13,000 rooms, establishing a significant presence in the hospitality industry.