1241 Boylston Street
Update
07/18/17
National hotel developer eyes Fenway gas station for development
National hotel developer OTO Development has entered a ground lease option for the 0.5-acre gas station property at 1421 Boylston Street in the Fenway, contingent upon OTO securing approval to construct a hotel on the site. The hotel would be located steps from Fenway Park, and would join seven hotels currently located in the Fenway neighborhood and Longwood Medical Area; the district has the highest year-to-date hotel occupancy rate in Boston and Cambridge, standing at 78.8%, according to Pinnacle Advisory Group. OTO develops upscale Marriott, Hyatt, Hilton and Starwood select-service and extended-stay hotels across the United States. The company has developed 530 hotels and counting, with 64 properties under OTO’s management.
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