Thank you for sharing!

Your article was successfully shared with the contacts you provided.

BOSTON-The Nine Zero hotel is opening in the heart of downtown at 90 Tremont St. This is the fourth hotel project owned and developed by Boston-based Intercontinental Real Estate Corp.

The hotel will be managed by Destination Hotels & Resorts, which, with this hotel, is making its first appearance in the region. The 19-story hotel is located near the State House, the financial, theater and shopping districts and features three meeting rooms and high-speed wireless Internet access.

The property is one of a number of smaller hotel projects that were started about two years ago before the Sept. 11 terror attack and the current economic downturn. At the time, the city was looking to boost its number of hotel rooms to meet its requirement for the development of the new convention center in South Boston. The 1997 state law that authorized the development of the $850-million convention center required that 2,800 new hotel rooms by 2001 and an additional 4,800 rooms when the convention facility is scheduled to open, which will probably be in 2004.

While most of these smaller projects are completed or under way it is the 1,120-room headquarters hotel, which is considered vital to the success of the center, that is still encountering financing difficulties and its viability continues to remain a question.

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?


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 © 2021 ALM Media Properties, LLC. All Rights Reserved.