BOSTON-Boylston Properties Co. has obtained a $48-million construction loan for the development of the Residence Inn by Marriott in Boston. The 175-room hotel will come up at 121 Brookline Ave. beside Fenway Park.
The eight-story extended stay hotel will provide spacious studio, single- and double-bedroom guestrooms. It will also feature a 6,000-square-foot retail space and underground parking. Holliday Fenoglio Fowler arranged the construction financing, which was provided by U.S. Bank. Construction is expected to be completed in June 2013. For the full story, go to Boston Business Journal .
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