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