X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

BOSTON-Bethesda, MD-based LaSalle Hotel Properties has acquired the 112-room Onyx Hotel in a transaction valued at approximately $28.6 million. The 155 Portland St. hotel was sold by Kimpton Hotels & Restaurant Group LLC, the San Francisco-based hotelier that opened the 12-story four-star boutique property a year ago. Kimpton, which also manages the Company’s five DC Urban Collection hotels, will continue to manage the Boston asset.

The Onyx buy was the second Boston acquisition for LaSalle, which also owns the Harborside Hyatt Hotel at Logan Intenational Airport. In a statement issued by Kimpton, the firm’s chairman and CEO Thomas LaTour, says, the Onyx Hotel continues to show excellent growth potential as a top-performing urban hotel. “We are confident that LaSalle Hotel Properties’ support will ensure the property’s success.”

Situated in the historic Bullfinch Triangle, the hotel is just blocks from the BankNorth Garden and a short distance from the city’s historical landmarks such as Faneuil Hall, Bunker Hill and Old North Church. Developed by David Leatherwood of Portland Street LP as the only luxury hotel in the North Station area, it features a two-tone red brick and aluminum contemporary exterior and an interior crafted by Boston designer Lynn MacMurtry of Group One.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

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 © 2020 ALM Media Properties, LLC. All Rights Reserved.