Xenia Hotels & Resorts Inc. has sold the Residence Inn Boston Cambridge in Cambridge, Mass., in a transaction valued at $107.5 million. Le Residence Inn Boston est un hôtel au bord de l'eau, qui se situe près du Freedom Trail, de l'USS Constitution, du TD Banknorth, du Parc Fenway et du quartier des théâtres. It’s nice to know that your pets are welcome here, too. Located on Arsenal Street, this hotel is in an up and coming area of Watertown that will surely provide a top tier extended stay guest experience. 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, the company said in a statement. The property offers 221 apartment-style hotel accommodations with fully equipped kitchens, separate living spaces, and a thoughtful collection of modern amenities.

We are dedicated to providing you with superior service when it comes to purchasing your new home in the areas most exquisite residence. Residence Inn Boston Cambridge inspires effortless relaxation with spacious hotel rooms and suites with fully equipped kitchens and ergonomic workspace. Massachusetts Institute of Technology (MIT) is minutes away. Le John A. Volpe National Transportation Systems Center ou plus simplement Volpe Center est un centre de recherche américain dédié aux transports et situé à Cambridge dans le Massachusetts. This property advises that enhanced cleaning … 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. Image via Google Street View. The cheapest way to get from Boston / Logan Airport to Residence Inn by Marriott Boston Cambridge costs only $3, and the quickest way takes just 6 mins. How many nights? For additional information or to receive press releases via email, please visit our website at www.xeniareit.com. Residence Inn By Marriott Boston Cambridge 42.364053 , -71.088037 120 Broadway, Six Cambridge Center , Cambridge , Massachusetts , United States , 02142 show map 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. The rooms are all equipped with a double sofa bed and a flat-screen satellite TV. Image via Google Street View Xenia Hotels & Resorts Inc. has sold the Residence Inn Boston Cambridge in Cambridge, Mass., in a transaction valued at $107.5 million. Maps & Transportation It’s an ideal location for students, business travelers, families, couples, and just about anyone else looking to enjoy a relaxing getaway in Boston. W Boston Residences; Whittier Place; View All Buildings New Developments . La Residence Inn Boston Harbor on Tudor Wharf vous accueille dans un hôtel du port de Boston proposant uniquement des suites à seulement 4,8 km de l'aéroport de Boston et à quelques pas du centre-ville. Hub 50 House (West End) Millennium Tower; 50 Liberty Seaport; 22 Liberty Seaport; Echelon Seaport; The Archer Residences; St Regis Residences; PIER 4; List Property; Language . Our guests praise the breakfast and the helpful staff in our reviews. The Ray and Maria Stata Center or Building 32 is a 720,000-square-foot academic complex designed by Pritzker Prize-winning architect Frank Gehry for the Massachusetts Institute of Technology. Eight Boston Architecture Firms Make to the List of Top 50... Market Basket Supermarket Coming to Maynard Crossing, Simon Announces 114,000-Square Foot Athletic Lifestyle Resort at Northshore Mall. 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. At Residence Inn Boston Cambridge, we live by the Golden Rule. 1. 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.”. 1 Room: 1 Adult, /Room 0 Children /Room. “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. Yes, Residence Inn by Marriott Boston Downtown / South End does have fully refundable rooms available to book on our site, which can be cancelled up to a few days before check-in. Relax and recharge in expansive apartment-style hotel accommodations with fully equipped kitchens, separate living spaces and a thoughtful collection of modern amenities. The brand new Residence Inn by Marriott Boston Watertown is NOW OPEN! Experience a refreshing getaway at Residence Inn Boston Cambridge. Children (Maximum: 8 total … 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 … Just make sure to check this property's cancellation policy for the exact terms and conditions. ... the Residence Inn Boston Cambridge in Cambridge. Residence Inn by Marriott Boston Cambridge is a popular choice amongst travelers in Cambridge (MA), whether exploring or just passing through. Adults (Maximum: 8 total guests/room) Guest Count Guest Count. The Company also retained the approximately $3.8 million balance in the FF&E reserve. The HFF team represented the seller, Norwich Partners, LLC, and procured the buyer, Claremont Companies. 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. האורחים נהנים ממידות נוחות. Accommodations at this 3-star hotel have kitchens with full-sized refrigerators/freezers, stovetops, microwaves, and cookware/dishes/utensils. A, HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Punctuate a satisfying day of business or exploration by stopping by The Residence Inn Mix™ social event, available three nights per week. Dear dalmoz, Thank you for recently staying with us and for taking the time to let us know about your stay. Book now at 32 restaurants near Residence Inn by Marriott Boston Cambridge on OpenTable. "We are pleased to have completed the sale of Residence Inn Boston Cambridge, the only remaining select service asset in our portfolio," commented Marcel … Xenia Hotels & Resorts (NYSE: XHR) sold the 221-room Residence Inn Boston Cambridge in Cambridge, Massachusetts for $107.5M, or ~$486,500/key. Ray and Maria Stata Center is situated 1100 feet southwest of Residence Inn by Marriott Boston Cambridge. In connection with the transaction, the buyer assumed the $60.3 million mortgage collateralized by the hotel. Residence Inn By Marriott Boston Cambridge is 1.1 km from Harvard Bridge and features a picnic area and a tennis court. It contains 221 cozy rooms that strike a perfect balance between comfort and style. Sort. These risks and uncertainties include, but are not limited to, the effects of the COVID-19 pandemic, including on the demand for travel, transient and group business (including, but not limited to, government-imposed travel or meeting restrictions), and levels of consumer confidence in the safety of travel as a result of the pandemic; the length of the COVID-19 pandemic and severity of such pandemic in the United States; the pace of economic recovery and the recovering of consumer confidence following the COVID-19 pandemic; our ability to implement cost-containment strategies; the adverse effects of the COVID-19 pandemic on our business or the market price of our common stock; and our ability to service, restructure or refinance our debt; our ability to be in compliance with our debt covenants; our ability to access capital on acceptable terms or at all and uncertainty in both the debt and equity capital markets; and the outcome of legal proceedings or other disputes. Service-minded staff will welcome and guide you at Residence Inn by Marriott Boston Cambridge. Book your stay and enjoy free hot breakfast and WiFi. All Rights Reserved. This hotel is 1.2 mi (1.9 km) from Massachusetts General Hospital and 1.5 … These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the statements made. Find the travel option that best suits you. Popular Hotel Amenities and Features. Now $118 (Was $̶1̶5̶0̶) on Tripadvisor: Residence Inn by Marriott Boston Cambridge, Cambridge. The sale price represents a 11.6x multiple and a 7.8% capitalization rate on the hotel's 2019 Hotel EBITDA and … RI-Cambridge-GM, General Manager at Residence Inn by Marriott Boston Cambridge, responded to this review Responded January 2, 2020. Guests praise the comfy beds. 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.". Residence Inn Boston Cambridge Sold For $107.5 Million. Popular attractions Brighton Music Hall and Legacy Place are located nearby. That passion holds true now more than ever. The Hampton Inn Boston-Cambridge hotel is located near MIT, Harvard Square and downtown Boston. “The sale of this hotel is the culmination of a highly competitive process, and we are pleased with the outcome given current market fundamentals. The Company also retained the approximately $3.8 million balance in the FF&E reserve. Xenia scoops $107.5 million on Massachusetts hotel sale 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. Residence Inn by Marriott Boston Cambridge: Feeling Safe - See 533 traveler reviews, 191 candid photos, and great deals for Residence Inn by Marriott Boston Cambridge at Tripadvisor. Treating others like we'd like to be treated. כמה דקות הליכה אל המכון הטכנולוגי של מסצ'וסטס ‏(MIT). In connection with the transaction, the buyer assumed the $60.3 million mortgage collateralized by the hotel. Rooms . About Xenia Hotels & Resorts, Inc.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. Maps & Transportation The property has connecting/adjoining rooms, which are subject to availability and can be requested by contacting the property using the number on the booking confirmation. Residence Inn Boston Cambridge is located at Six Cambridge Center, 120 Broadway - on the corner of Broadway and Ames Streets in Cambridge, Massachusetts. … Except as required by law, the Company does not undertake, and hereby disclaims, any obligation to release publicly any revisions to forward-looking statements made by it to reflect events or circumstances occurring after the date hereof or the occurrence of unanticipated events. All guest accommodations at Residence Inn Boston Cambridge feature a fully equipped kitchen. “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. Dates. View deals for Residence Inn by Marriott Boston Cambridge, including fully refundable rates with free cancellation. If you're driving, limited on-site parking with in/out access is available for a fee. 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. Rooms & Guests. Residence Inn Boston Cambridge is located close to many iconic Boston landmarks. The transaction generated approximately $46.0 million in net proceeds for the Company after transaction costs. Explore reviews, photos & menus and find the perfect spot for any occasion. 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. Get the best deals on Residence Inn by Marriott Boston Cambridge. Distinguish your lifestyle from others - Regatta Riverview Residences offers a blend of sophisticated living and lavish amenities. L'hôtel dispose d'une réception ouverte 24 heures sur 24, d'une cheminée en plein air et d'un stockage des bagages. 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. The Residence Inn by Marriott Boston Watertown. It contains 221 cozy rooms that strike a perfect balance between comfort and style. "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. Enjoy free WiFi, free parking, and a 24-hour fitness center. The Company also retained the approximately $3.8 million balance in the FF&E reserve. Residence Inn Boston Cambridge offers extended-stay suites with kitchens near Massachusetts Institute of Technology. Residence Inn Boston Cambridge - Book online Residence Inn Boston Cambridge in Middlesex County, best price guarantee, no booking fee on Traveloka How many nights? Residence Inn by Marriott Boston Cambridge, choses à faire près sur Tripadvisor : consultez 19 061 avis et 8 906 photos de voyageurs pour connaître tout ce qu'il y a à découvrir près de Residence Inn by Marriott Boston Cambridge à Cambridge, Massachusetts. Beds feature premium bedding. L'hôtel accepte les animaux de compagnie et vous propose aussi des chambres traitées contre les allergies. The Company owns 38 hotels comprising 11,024 rooms across 16 states. With a stay at Residence Inn by Marriott Boston Cambridge in Cambridge (MIT), you'll be a 5-minute walk from Kendall Square and 12 minutes by foot from Massachusetts Institute of Technology (MIT). 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