Search
 

Distinctive Hospitality Group Refis Three Boston Area Hotels

The portfolio consists of the 251-room VERVE-Crowne Plaza Boston-Natick and the 188-room Hampton Inn Boston-Natick in Natick and the 184-room Holiday Inn Boston Bunker Hill Area in Somerville.

By John Jordan | johnjordan | Updated on October 10, 2017

The 184-room Holiday Inn Boston Bunker Hill Area in Somerville, MA. The 184-room Holiday Inn Boston Bunker Hill Area in Somerville, MA.

NATICK, MA—Locally-based Distinctive Hospitality Group has refinanced three hotels in corporate portfolio totaling 623 rooms.

Holliday Fenoglio Fowler, LP brokered the deal on two hotels in Natick and another in Somerville with Bank of America’s CMBS Group. The 10-year, fixed rate securitized loan will be serviced by HFF with proceeds from the financing will be used to refinance existing debt and reinvest in the properties. No financial terms of the transaction were released.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.