Raffles Boston Back Bay Hotel & Residences Update 07/08/19
Raffles Boston Financed for $314 Million
New York-based Madison Realty Capital has financed the Raffles Boston Back Bay Hotel & Residences project for $314 million.
The tower will feature 146 luxurious condominium residences atop 154 hotel rooms, expansion space for the adjacent University Club and ground-floor restaurant space.
Amenities at Raffles Boston will include lounges, conference/ballroom areas and a pool/fitness center available to both building residents and guests. Parking will be provided at area garages.
The tower will replace the existing Boston Common Hotel and Conference Center, an eight-story, 84,200-square-foot building featuring 64 hotel rooms and a 13,650-square-foot conference facility. 40 Trinity Place will be located steps from the South End, Newbury Street and Downtown Boston, convenient to rapid transit and commuter rail lines.