230 Lee Burbank Highway Update 04/20/16
Route 1A Revere Hampton Inn on 5+ acre parcel sells for nearly $37 million
The Hampton Inn hotel located at 230 Lee Burbank Highway on Route 1A in Revere sold today for $36.865 million. The buyer is Magna Hospitality Group, a hotel developer and investor based in Warwick, RI. The hotel last sold in 2007 for $38.6 million; the seller is Linchris Hotel Corporation of Hanover, MA.
The hotel is situated on a 5.34-acre parcel located near the Suffolk Downs racetrack, Logan Airport and the MBTA Blue Line. Also nearby is Revere's 1.3 million square foot Waterfront Square mixed-use development.
The following is the deed for today's sale:
More information about 230 Lee Burbank Highway is posted below.