The 10-story, 273-suite Embassy Suites opened in February 2003 and is located on Massport property abutting the grounds of Boston's Logan Airport near the Ted Williams Tunnel entrance. It is located one mile from Downtown and the new Boston Convention and Exhibition Center, which is expected to be completed in the second quarter.
Developed on a 99-year ground lease, the hotel features 8,000 sf of meeting space, an indoor swimming pool and a fitness center. PM Hospitality Strategies manages the hotel property.
"Similar to the strategy we have applied with our mezzanine loan purchases, we wanted to ensure that this mezzanine origination enjoyed strong sponsorship, a proven brand and conservative underwriting," says Monty J. Bennett, president and CEO of Ashford Hospitality Trust, a self-administered REIT focused exclusively on investing in the hospitality industry.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
