HFF Closes Sale of Marriott-Branded Boston Airport Hotel
- Feb 22, 2017
Boston—HFF announced that it has closed the sale of Courtyard Boston Logan Airport, a 351-key, Marriott-branded hotel.
HFF acted on behalf of the seller, affiliates of Rockwood Capital LLC. Senior Managing Director & Head of HFF’s hotel group Daniel Peek, together with Managing Director Denny Meikleham and Directors KC Patel and Alan Suzuki, led the investment sales team.
The property is situated 2.5 miles north of Boston Logan International Airport and 5 miles east of downtown Boston. Located at 225 William McClellan Highway along Route 1A, the asset provides easy access to downtown Boston via the Sumner and Ted Williams tunnels.
Courtyard Boston Logan Airport features 12-story and 11-story guestroom towers connected by a two-story, multi-use building. Amenities include 2,257 square feet of function space, an indoor swimming pool, fitness room, business center, complimentary shuttle service and Brinkley’s Restaurant & Lounge.
“The Logan Airport lodging market continues to be one of Boston’s best-performing submarkets,” said Meikleham in prepared remarks. “Courtyard Boston Logan Airport has consistently outperformed other airport hotels because of its location, quality, Marriott affiliation and management team. HFF has a long-term relationship with both the buyer and seller and viewed this acquisition as a ‘win-win’ for both entities.”
Image courtesy of HFF