Woburn Homewood Suites and Hampton Inn Update
Financing secured for new-construction Hilton hotel in Woburn
A new 235-key Hilton hotel in Woburn located next to the intersection of Interstates 93 and 95 is expected to break ground this month after securing $53 million in equity financing. Colliers International worked on behalf of site owner Madison Properties and hotel developer Concord Hospitality Enterprises to secure the financing through Whitman Peterson LLC. The hotel, which is scheduled to open 2018, will be located in a retail and entertainment dominated area minutes from Downtown Boston. The hotel will be a dual branded Homewood Suites and Hampton Inn & Suites, and will feature three retail pad sites including Red Robin and Chick-Fil-A.