Cambridge, Massachusetts 02142 USA. "We are pleased to have completed the sale of Residence Inn Boston Cambridge, the only remaining select service asset in our portfolio," commented Marcel Verbaas, Xenia's Chairman and Chief Executive Officer. The transaction generated approximately $46.0 million in net proceeds for the Company after transaction costs. Countless thoughtful amenities are available at Residence Inn Boston Cambridge. Xenia Hotels & Resorts Inc. has sold the Residence Inn Boston Cambridge in Cambridge, Mass., in a transaction valued at $107.5 million. Xenia Hotels & Resorts has sold the Residence Inn Boston Cambridge hotel in Cambridge, Massachusetts, for $107.5 million in a transaction that marks the sale … Do NOT follow this link or you will be banned from the site. Voters Want Another COVID Relief Bill →, Spotlight on Rebuilding Trust in International Tourism & Travel →, Viva Wyndham Introduces Complimentary Travel Insurance Program Across Resorts →, → U.S. Flips to Positive Hotel Profit As Europe Backslides, → 100 Room AC Hotel Park City Opens in Utah, → 5 Ways Hotels Can Boost Their Revenue Amid The COVID Chaos, → UNWTO - Advancing an International Code for Protection of Tourists, → WTTC Hosts First Virtual AGM with over 120 Members and WTTC Ambassadors in Attendance. Enjoy modern, flexible suites with all the comforts of home at Residence Inn. As the first news aggregate for the hotel industry, Hotel-Online is the industry’s must-read daily news source for everything hotel curated for busy professionals. ORLANDO, Fla., Oct. 1, 2020 /PRNewswire/ -- Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") today announced it has sold the 221-room Residence Inn Boston Cambridge in Cambridge, Massachusetts for a price of $107.5 million, or approximately $486,500 per key. 02 OCTOBER 2020 9:18 AM Xenia Hotels & Resorts announced it has sold to an unnamed buyer the 221-room Residence Inn Boston Cambridge in Cambridge, Massachusetts, for $107.5 million. Xenia's hotels are in the luxury and upper upscale segments, and operated and/or licensed by industry leaders such as Marriott, Hyatt, Kimpton, Fairmont, Loews, and Hilton, as well as leading independent management companies including The Kessler Collection and Sage Hospitality. A hot breakfast is served each morning in the hotel’s restaurant, while a reception is provided in the evenings. Property Details. View deals for Residence Inn by Marriott Boston Cambridge, including fully refundable rates with free cancellation. Cambridge, Massachusetts 02142 USA. Prime Hospitality out of Fort Collins, a hotel and motel partnership, has purchased the Residence Inn by Marriott in Durango for $8.2 million. The property offers 221 apartment-style hotel accommodations with fully equipped kitchens, separate living spaces, and a thoughtful collection of modern amenities.

Residence Inn Boston Cambridge . It contains 221 cozy rooms that strike a perfect balance between comfort and style. ORLANDO, Fla., Oct. 5, 2020 — Xenia Hotels & Resorts, Inc. (NYSE: XHR) (“Xenia” or the “Company”) today announced it has sold the 221-room Residence Inn Boston Cambridge in Cambridge, Massachusetts for a price of $107.5 million, or approximately $486,500 per key. Residence Inn Boston Cambridge Sold For $107.5 Million, Xenia Hotels & Resorts Reports Third Quarter 2020 Results →, Xenia Hotels & Resorts Provides Business Update - Aug 27, 2020, 06:30 ET →, Xenia Hotels Eliminates Chief Investment Officer Position →, Sonesta Announces The Addition Of Over 100 Hotels To Portfolio →, Interstate Hotels & Resorts Selected to Manage Jupiter Hotels' UK Portfolio →, Oxford Capital Group Acquires Five Bay Area Hotels →, ADA Defense Lawyer: ADA Lawsuits Are Defensible - By Jim Butler →, Survey: 9 in 10 U.S. WiFi and an evening social are free, and this hotel also features a gym. The Company also retained the approximately $3.8 million balance in the FF&E reserve. It’s an ideal location for students, business travelers, families, couples, and just about anyone else looking to enjoy a relaxing getaway in Boston. The Company also retained the approximately $3.8 million balance in the FF&E reserve. With complimentary Wi-Fi, a convenient hotel Market and well-equipped fitness center, Residence Inn Boston Cambridge has everything you need for a relaxing extended stay in a historic city. Article - Residence Inn by Marriott Boston Watertown Sold - Summit Hotel Properties, Inc. (NYSE: INN) reported today that it has completed the acquisition of the 150-guestroom Residence Inn … Residence Inn Boston Cambridge is located close to many iconic Boston landmarks. Our long-stay hotels are packed with thoughtful features to maximise your stay. In connection with the transaction, the buyer assumed the $60.3 million mortgage collateralized by the hotel. Xenia Hotels & Resorts, Inc. is a self-advised and self-administered REIT that invests in uniquely positioned luxury and upper upscale hotels and resorts, with a focus on the top 25 U.S. lodging markets as well as key leisure destinations in the United States. CAMBRIDGE, MA — Xenia Hotels & Resorts, Inc. announced it has sold the 221-room Residence Inn Cambridge in Cambridge, MA for a price of $107.5 million, or approximately $486,500 per key. Residence Inn Boston Cambridge is an extended-stay hotel close to many of the city’s most popular attractions. About Residence Inn Boston Cambridge 100 Broadway, Kendall Square, Cambridge, MA The Residence Inn Boston Cambridge is a 15-story hotel located in the heart of Kendall Square. Driving Directions ORLANDO, Fla., Oct. 5, 2020 — Xenia Hotels & Resorts, Inc. (NYSE: XHR) (“Xenia” or the “Company”) today announced it has sold the 221-room Residence Inn Boston Cambridge in Cambridge, Massachusetts for a price of $107.5 million, or approximately $486,500 per key. Hotel News Resource has a very loyal audience and many companies take advantage of our ability to fine tune information about your organization for them. Xenia Hotels & Resorts Sells Residence Inn Boston Cambridge For $107.5M 10/1/20 Xenia Hotels & Resorts, Inc. (NYSE: XHR) today announced it has sold the 221-room Residence Inn Boston Cambridge in Cambridge, Massachusetts for a price of $107.5 million, or approximately $486,500 per key. For more information on Xenia's business, refer to the Company website at www.xeniareit.com. Browse real photos from our stay. This 3-star Cambridge … “The sale of this hotel is the culmination of a highly competitive process, and we are pleased with the outcome given current market fundamentals.  This transaction, which exemplifies our focus on value creation for our shareholders and our continued dedication to our long-term strategy, has created additional balance sheet flexibility during this unprecedented time.”. Xenia: Residence Inn Boston Cambridge Sold For $107.5 Million Xenia Hotels & Resorts, Inc. (NYSE: XHR) last week announced it has sold the 221-room Residence Inn Boston Cambridge in Cambridge, Massachusetts for a price of $107.5 million, or approximately $486,500 per key. by Released Xenia Hotels & Resorts has sold the 221-room Residence Inn Boston Cambridge in Cambridge, Mass., for $107.5 million. All rights reserved. All guest accommodations at Residence Inn Boston Cambridge feature a fully equipped kitchen. Punctuate a satisfying day of business or exploration by stopping by The Residence Inn Mix™ social event, available three nights per week. Residence Inn Boston Cambridge . The Company owns 38 hotels comprising 11,024 rooms across 16 states. So far in 2019, Host has sold $609 million in hotel properties, and has five more properties under contract to be sold. Residence Inn Boston Cambridge is located close to many iconic Boston landmarks. 120 Broadway. This transaction, which exemplifies our focus on value creation for our shareholders and our continued dedication to our long-term strategy, has created additional balance sheet flexibility during this unprecedented time.". If you are a member of Xenia Hotels you may be interested in learning how to optimize your content on our network. The Company also retained the approximately $3.8 million balance in the FF&E reserve. "We are pleased to have completed the sale of Residence Inn Boston Cambridge, the only remaining select service asset in our portfolio," commented Marcel … Massachusetts Institute of Technology (MIT) is minutes away. The rooms are all equipped with a double sofa bed and a flat-screen satellite TV. RI-Cambridge-GM, General Manager at Residence Inn by Marriott Boston Cambridge, responded to this review Responded January 2, 2020 Dear dalmoz, Thank you for recently staying with us and for taking the time to let us know about your stay. The transaction generated approximately $46.0 million in net proceeds for the Company after transaction costs. Countless thoughtful amenities are available at Residence Inn Boston Cambridge. Residence Inn Boston Cambridge is an extended-stay hotel close to many of the city’s most popular attractions. Sign up today for industry news delivered to your inbox. For a fee, parking is available. Our pet-friendly hotel features extended-stay suites and a free breakfast buffet. It’s an ideal location for students, business travelers, families, couples, and just about anyone else looking to enjoy a relaxing getaway in Boston. The sale price represents a 11.6x multiple and a 7.8% capitalization rate on the hotel's 2019 Hotel EBITDA and net operating income, respectively. Copyright © 1998 - 2020 Hotel News Resource. The previously announced sale of Marriott Napa Valley Hotel & Spa is expected to close before the end of October in accordance with the terms of the purchase and sale agreement that the Company executed in August. "We are pleased to have completed the sale of Residence Inn … Our pet-friendly hotel features extended-stay suites and a free breakfast buffet. The sale price represents a 11.6x multiple and a 7.8% capitalization rate on the hotel’s 2019 Hotel EBITDA and net operating income, respectively. “We are pleased to have completed the sale of Residence Inn Boston Cambridge, the only remaining select service asset in our portfolio,” said Marcel Verbaas, Xenia’s chairman and CEO. Guests praise the comfy beds. ... Public garage passes sold at front desk for 40 USD per day with in/out access. The Company owns 38 hotels comprising 11,024 rooms across 16 states. 847 CAMBRIDGE, MA — Xenia Hotels & Resorts, Inc. announced it has sold the 221-room Residence Inn Cambridge in Cambridge, MA for a price of $107.5 million, or approximately $486,500 per key. Oyster.com secret investigators tell all about Residence Inn by Marriott Boston Cambridge. “We are pleased to have completed the sale of Residence Inn Boston Cambridge, the only remaining select service asset in our portfolio,” commented Marcel Verbaas, Xenia’s Chairman and Chief Executive Officer. Xenia Hotels & Resorts, Inc. (NYSE: XHR) last week announced it has sold the 221-room Residence Inn Boston Cambridge in Cambridge, Massachusetts for a price of $107.5 million, or approximately $486,500 per key. The Company also retained the approximately $3.8 million balance in the FF&E reserve. In connection with the transaction, the buyer assumed the $60.3 million mortgage collateralized by the hotel. Residence Inn Boston Cambridge 6 Cambridge Center Cambridge, MA 02142 Purchase parking passes for Residence Inn Boston Cambridge now! Proceeds from the sale will be utilized to repay borrowings under the Company’s credit facilities and for general corporate purposes. Read full article » The most reliable place for accurate and unbiased hotel reviews. Residence Inn By Marriott Boston Cambridge is 1.1 km from Harvard Bridge and features a picnic area and a tennis court. Proceeds from the sale will be utilized to repay borrowings under the Company's credit facilities and for general corporate purposes. Xenia Hotels & Resorts, Inc. (NYSE: XHR) last week announced it has sold the 221-room Residence Inn Boston Cambridge in Cambridge, Massachusetts for a price of $107.5 million, or approximately $486,500 per key. "The sale of this hotel is the culmination of a highly competitive process, and we are pleased with the outcome given current market fundamentals. Xenia Hotels & Resorts, Inc. is a self-advised and self-administered REIT that invests in uniquely positioned luxury and upper upscale hotels and resorts, with a focus on the top 25 U.S. lodging markets as well as key leisure destinations in the United States. Residence Inn by Marriott Boston Cambridge, Cambridge: See 534 traveller reviews, 234 photos, and cheap rates for Residence Inn by Marriott Boston Cambridge, ranked #8 of 21 hotels in Cambridge and rated 4 of 5 at Tripadvisor. Residence Inn Boston Cambridge Sold For $107.5 Million Xenia Hotels & Resorts, Inc. (NYSE: XHR) last week announced it has sold the 221-room Residence Inn Boston Cambridge in … See 535 traveler reviews, 234 candid photos, and great deals for Residence Inn by Marriott Boston Cambridge, ranked #8 of 21 hotels in Cambridge and rated 4 of 5 at Tripadvisor. 120 Broadway. A fitness center, multilingual staff, and gift shops/newsstands are also featured at the business-friendly Residence Inn by Marriott Boston Cambridge. Now $118 (Was $̶1̶5̶0̶) on Tripadvisor: Residence Inn by Marriott Boston Cambridge, Cambridge. Enjoy exclusive discounts at parking garages and private spaces near the Residence Inn and book early to ensure you have a guaranteed reserved parking space for your next visit. Driving Directions ... Public garage passes sold at front desk for 20 USD per day with in/out access. Xenia Hotels & Resorts, Inc. | October 05, 2020, ©Copyright 2019 | Hotel-Online.com | All Rights Reserved, Xenia Hotels & Resorts Sells Residence Inn Boston Cambridge for $107.5 Million, The Outlook for Hospitality, Part 3: Technology Vendors Reveal the Solutions That are Helping the Industry Recover, Oxford Capital Group Expands California Portfolio With Acquisition of 5 Hotels, Accor Takes Full Ownership of sbe Hotel Brands, The Axton Group Acquires the Renaissance Austin Hotel in Texas for $70 Million, Wheelock Street Capital Acquires Hotel Contessa in San Antonio, Texas, Alpine Investors’ ASG Acquires ProfitSword, Market Leading Hospitality Software, Eagle Four Partners and Lyon Living Acquire the Newport Beach Marriott Hotel & Spa, Commonwealth Hotels Adds Home2 Suites by Hilton El Reno to Management Portfolio, EOS Investors Acquires Faro Blanco Resort & Yacht Club, Twin River Acquires Operations of Tropicana Evansville Casino from Caesars for $140M, EOS Investors Acquires Viceroy L’Ermitage Beverly Hills, Deal Activity in Travel & Tourism Sector Declined by 11.3% During September, The Indigo Road Hospitality Group Acquires The Skyline Lodge in Highlands, North Carolina, New Owners for Historic Maxwell Mansion Hotel in Lake Geneva, Wisconsin, The ART Hotel Denver Joins Curio Collection by Hilton, Twin River Acquires Iconic Bally’s Brand From Caesars Entertainment, Aimbridge Hospitality Adds 16 Extended Stay America Properties to Management Portfolio, InnVentures Selected to Manage SpringHill Suites by Marriott Bozeman and Hyatt Place Dallas/North Arlington/Grand Prairie, Highgate Assumes Management of Trust Hospitality Portfolio of 22 Lifestyle Properties, Caesars Entertainment and VICI Properties Complete Sale of Harrah’s Reno to CAI Investments for $41.5M, Paramount Lodging Advisors Successfully Transacts the Spanish Garden Inn Santa Barbara. 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