RLJ Lodging Trust Acquires 205-Key Hotel In Boston, MA For $89M

The Hotel property located at 225 Albany St in Boston, MA has been sold in a recent transaction. The property features 205 keys and a price per key (PPK) of $434,146. The sale took place on October 26, 2021, and the buyer in this transaction was RLJ Lodging Trust, represented by Leslie D. Hale. The sale price for the hotel was $89,000,000.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $89,000,000
• Keys: 205
• Price Per Key (PPK): $434,146
• Date: October 26, 2021
• Address: 225 Albany St, Boston, MA
• Buyer: RLJ Lodging Trust - Leslie D. Hale

Leslie D. Hale, representing RLJ Lodging Trust, played a key role as the buyer in this transaction. The hotel, located at 225 Albany St in Boston, MA, was sold for a considerable amount of $89,000,000.