Nine Zero Hotel
Update
09/07/16
Nine Zero Hotel in Downtown Crossing sells for over $85 million
Thayer Lodging of Annapolis, MD today acquired the 19-story, 190-key Nine Zero Hotel in Downtown Crossing for over $85 million; the exact sales figure is $85,100,300 as recorded in the Suffolk County Registry of Deeds. The hotel last sold for $69.75 million to previous owner Kimpton Hotel & Restaurant Group in May 2006. Nine Zero Hotel developer Intercontinental Real Estate Corporation, who sold the hotel to Kimpton, acquired the hotel site, located at 90 Tremont Street, for $7.8 million in November 1999; the hotel cost $59 million to build.
Wells Fargo Bank provided a $54.65 million mortgage for Thayer Lodging's acquisition of the Nine Zero Hotel today. The recently built 129,200 square foot hotel, which opened in June 2002, features 190 guest rooms and suites and is also home to Highball Lounge. Amenities include a business center and a fitness center. The following is the deed for Thayer Lodging's acquisition of the Nine Zero Hotel:
