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Boston Hotels Remain in Demand

BOSTON-A number of new upscale hotels are set to open in the city in the next few years but even the older accommodations are generating interest among investors.

By Beverly Ford | Updated on September 20, 2006

BOSTON-An influx of new hotel brands is set to debut in the city within the next few months, marking the start of a hotel building boom that could put nearly 5,000 new rooms online by the end of 2010. The hotels will cater to the four- and five-star crowd with luxury amenities, stylish finishes and room rates to match.

The 424-room InterContinental in Boston’s Seaport District, with its Italian marble columns, imported chandeliers from Prague and nightly rates starting at $350, is set to open Nov.1. The Regent Boston at Battery Wharf, a 150-room, waterfront hotel with 40 suites, a European-style spa and a $400-per-night rate, is expected to open its doors early next year. And the 168-room Mandarin Oriental Hotel, which mixes local flavor with Asian culture, is eyeing a 2007 opening on Boylston Street in the city’s Back Bay.

Hotel analysts tell GlobeSt.com the boom in upscale hotels is fueled by the region’s high land and construction costs that make it difficult for lower priced chains to build their presence in the market.

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