Bank Of New England Provides $55.82 Million Refinance Loan For Lenox Hotel In Boston

The Lenox Hotel, located at 710 Boylston Street in Boston, MA, is a 214-room hotel that has been owned by the Saunders Hotel Group since 1963. The property has seen significant renovations amounting to $50 million since 2007. The recent refinancing involved a mortgage from the Bank of New England.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $55,820,000
• Market: Boston, MA
• Lender: Bank of New England
• Landlord: Jeffrey Saunders - Saunders Hotel Group
• Loan Type: Refinance
• Keys: 214

The refinancing transaction was led by Bank of New England, providing exclusive financial services to facilitate the deal. Jeffrey Saunders represents the landlord in this transaction, further solidifying the longstanding operations of Saunders Hotel Group in the Boston area.