Hersha Hotels & Resorts sells 130-suite extended-stay hotel in Boston’s competitive lodging market.
BOSTON— JLL’s Hotels & Hospitality Group has arranged the sale of Home2 Suites by Hilton Boston South Bay, a 130-suite extended-stay hotel at 15 Jan Karski Way in Boston. Hersha Hotels & Resorts was the seller, while the buyer’s identity and transaction price were not disclosed.
JLL represented Hersha Hotels & Resorts in the transaction. The five-story, 76,398-square-foot property was completed in 2020 and features 130 all-suite guestrooms designed to accommodate extended-stay travelers. The suites average 382 square feet and include separate living and sleeping areas, along with fully equipped kitchens featuring full-size refrigerators, microwaves and dishwashers.
Hotel amenities include a fitness center, business center, parking for 55 vehicles, guest laundry facilities and complimentary breakfast.
The property is adjacent to South Bay shopping center, a retail destination offering shopping, dining and entertainment options. Its location near Interstate 93 provides access throughout Greater Boston, while the Andrew and Newmarket MBTA stations are within walking distance, connecting guests to downtown Boston, the Seaport District, Fenway and Cambridge.
The hotel’s location also places it near major healthcare, educational and research institutions, including Boston Medical Center, the Longwood Medical Area, the University of Massachusetts Boston, Harvard University and the Massachusetts Institute of Technology. Continued investment and redevelopment in the surrounding area support demand from healthcare professionals, academic visitors, researchers and business travelers.
The JLL team handling the transaction was led by Senior Managing Director Alan Suzuki and Managing Director Matthew Enright, with Associate Alexa Amorosino.
“We are pleased to have facilitated this transaction on behalf of Hersha Hotels & Resorts,” Suzuki said. He noted that the property’s location near Boston’s major academic, medical and corporate centers positions it to benefit from growing demand associated with development across the surrounding submarket.
JLL’s Capital Markets group provides real estate investment sales and advisory, debt advisory, mergers and acquisitions, corporate finance, loan sales, equity and fund placement, net lease, derivative advisory, and energy and infrastructure advisory services. The group has more than 3,000 specialists worldwide, with offices in nearly 50 countries.
