Electra America Hospitality Group Acquires Hotel In Boston For $82.6M

The hotel located at 90 Tremont St in Boston, MA has been sold in a transaction completed on January 12, 2023. The property was acquired by Electra America Hospitality Group, represented by Russ Urban. The sale price for the hotel was $82,630,000, with a total of 190 keys. This translates to a price per key of $434,895.

Summary of transation details

• Property Type: Hotel
• Transaction Amount: $82,630,000
• Address: 90 Tremont St, Boston, MA
• Market: Boston, MA
• Buyer: Electra America Hospitality Group - Russ Urban
• Keys: 190
• Price per Key: $434,895

The buyer of the property, Electra America Hospitality Group, was represented by Russ Urban. This transaction marks a significant investment in the Boston hotel market, highlighting the appeal and potential of the property and its location. With 190 keys, the hotel offers ample accommodations for guests. The purchase price of $82,630,000 reflects the value placed on this prime asset in Boston.