BOSTON– Holliday Fenoglio Fowler, L.P. (HFF) announced the sale of the 120-suite Residence Inn Boston Downtown Seaport located in the Fort Point neighborhood of Boston, Massachusetts.
The HFF team represented the seller, Norwich Partners, LLC, and procured the buyer, Claremont Companies.
Originally built as The Stillings Building in 1901 by the Boston Wharf Company, the unique brick, post and beam property was redeveloped into the Residence Inn Boston Downtown Seaport in 2013.
The adaptive re-use project created an award-winning, one-of-a-kind hotel asset rich with history, distinctive architectural detail and modern décor. Honored as the “Best Custom Project” in 2014 by Marriott International, the hotel is widely considered one of the best designed and highest quality Residence Inns in the entire system and one of the best room products in Boston.
The 120 loft-style suites feature 12-foot-high ceilings, exposed brick walls, wooden beams, oversized windows and fully equipped kitchens. The hotel’s public space is situated around a six-story, interior atrium topped with a glass skylight providing natural light to all floors. Hotel amenities include meeting space, a sundry shop, business center, fitness center and two restaurant offerings: Caffe Nero and sweetgreen. Located in the Fort Point neighborhood of Boston’s Seaport District, the property is easily accessible to the Financial District, South Station, Back Bay, Cambridge and Logan International Airport. Additionally, the area immediately surrounding the property has transformed into a 24-hour, live-work-play environment with a robust amenity base of restaurants, office space, museums, art galleries and loft-style apartments.
The HFF investment advisory team representing the seller consisted of managing director Denny Meikleham, senior director Alan Suzuki and director Matthew Enright.
