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Eurostars Hotel Co Acquires Boxer Boston Hotel From Hersha Hotels & Resorts For $23.63M

Property Image
SOLD
$23,630,000
Emily Zhang
Alan Suzuki
+ 1

Massachusetts

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Hotel
Sold 09/03/2025
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Property Image
SOLD

Eurostars Hotel Co Acquires Boxer Boston Hotel From Hersha Hotels & Resorts For $23.63M

107 Merrimac Street

See Similar Deals
Hotel
Sold 09/03/2025
Emily Zhang
Alan Suzuki
+ 1
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Summary

MASSACHUSETTS
Asset Type:Hotel
Transaction Type:Sale

The Boxer Boston hotel, located at 107 Merrimac Street in Boston, MA, is a hotel asset featuring 80 rooms. The property was involved in a transaction where it was sold for $23,630,000, equating to a per room price of $295,375.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $23,630,000
  • Buyer: Eurostars Hotel Co
  • Seller: Neil H. Shah - Hersha Hotels & Resorts
  • Broker Representatives: Alan Suzuki, Matthew Enright & Emily Zhang - JLL
  • Number of Keys: 80
  • Price per Key: $295,375

Eurostars Hotel Co, representing the hotel arm of Spain’s Grupo Hotusa, acquired the property from Hersha Hotels & Resorts, which is led by Neil H. Shah. The transaction was facilitated by brokers Alan Suzuki, Matthew Enright, and Emily Zhang from JLL, who represented the parties involved in the deal.

Players

Alan Suzuki
6 deals$93.7M volume
BROKER

Matthew Enright
JLL
6 deals$93.7M volume
BROKER

Emily Zhang
JLL
2 deals$37.9M volume
BROKER

JLL
BROKERAGE

Neil H. Shah
Hersha Hospitality Trust
3 deals$410.4M volume
SELLER

Details

SOLD
IMAGE: Neil H. Shah, Alan Suzuki, Matthew Enright & Emily Zhang DATE: 09/03/2025 ADDRESS: 107 Merrimac Street MARKET: Boston, MA ASSET TYPE: Hotel BUYER: Eurostars Hotel Co SELLER: Neil H. Shah - Hersha Hotels & Resorts BROKERS: Alan Suzuki, Matthew Enright & Emily Zhang - JLL (@JLL) SALE PRICE: $23,630,000 KEYS: 80 ~ PPK: $295,375 NOTE: Eurostars Hotel Co., the hotel arm of Spain’s Grupo Hotusa, bought the 80-room Boxer Boston hotel for $23.63 million from Hersha Hotels & Resorts.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,260,266.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$83,952.41
Cash-on-Cash Return-1.27%
Monthly Debt Service$112,018.26
Annual Debt Service$1,344,219.07