JNR Management Inc Acquires Hotel In Framingham, MA For $15.8M

The hotel property located at 400 Staples Drive in Framingham, MA has been sold for a transaction amount of $15,800,000. The property, with a total of 125 keys, was acquired by JNR Management Inc from Apex Capital Investments.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $15,800,000
• Date: 11/09/2022
• Address: 400 Staples Drive, Framingham, MA
• Buyer: JNR Management Inc
• Seller: Apex Capital Investments
• Brokers: Alan Suzuki & Matthew Enright - JLL

The deal was facilitated by Alan Suzuki and Matthew Enright from JLL, representing both the buyer, JNR Management Inc, and the seller, Apex Capital Investments.

In this transaction, each key of the hotel was valued at approximately $126,400.