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

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.