Residence Inn by Marriott Boston Watertown Residence Inn by Marriott Boston Watertown

WATERTOWN, MA—Summit Hotel Properties has acquired the 150-room Residence Inn by Marriott Boston Watertown for $71 million or at approximately $473,000 per key.

The Austin, TX-based hotel REIT also reports that it has closed on the sale of the 148-room Hyatt Place Fort Myers/at the Forum in Fort Myers, FL for $16.5 million or approximately $111,000 per key.

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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