Residence Inn Boston Seaport Update 08/21/18

Residence Inn Boston Seaport Acquired for $64 Million

The Residence Inn located at 370 Congress Street in Boston's Seaport District has been acquired by the Claremont Companies for $64 million. An additional $13 million was paid in order to continue the hotel services, totaling $77 million. 

The hotel building is a 115,000 square foot building that features 120 brick-walled studio and one-bedroom suites with two flat-screen TVs and 12-foot ceilings. Custom wall wrap photography spotlights local landmarks. 

The structure was built in 1901 by the Boston Wharf Company and originally known as the Stillings Building, it once served as a sugar and molasses warehouse. In April 2011 the 115,000-square-foot building was purchased for $8 million from Berkeley Investments by Norwich Partners LLC who then began a $45 million renovation of the building turning it into the Residence Inn that it is today.

View Residence Inn Boston Seaport >>

Search BLDUP

Search BLDUP for news, projects, and companies to find the information that pushes your business forward.

Related News