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Sheraton Needham Hotel Update 05/04/21

Needham Hotel Sold for $40.4 Million

WCP Needham Cabot LLC - a subsidiary of Waterton Associates - sold the Sheraton Needham Hotel off Route 128 to Needham Lending Company, LLC - a subsidiary of Paceline Equity Partners - for $40,475,102.68

The property features a 5-story 231,061 square foot Sheraton Hotel sitting on a 4.65-acre parcel that was built in 1993.

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