Beacon Hill Hotel & Bistro Acquired for $12.2 Million
The property at 25 Charles Street has been acquired by 25 Charles Street Property Company LLC for $12.2 million.
The Beacon Hill Hotel & Bistro is a full-service boutique hotel comprised of a two to a five-story 7.273 square foot building, with 13 guest rooms, and an award-winning full-service restaurant. Originally developed in phases between 1828 and 1850, the hotel is in excellent condition having undergone a $5 million overhaul in 2000 that joined the two original townhouses and completely renovated the interior from the foundation up. In 2011, all 13 guestrooms were renovated to include: new furniture, fixtures, and equipment; paint; art; carpet; and lighting.