FinanceBoston
Update
06/20/19
Three Historic Massachusetts Hotels Refinanced for $31.8M
Three of the state's historic hotels, The Hawthorne Hotel in Salem, The Colonial Inn in Concord, and the Publick House in Sturbridge have been refinanced for $31.8M. These historic properties were constructed as early as 1716, and are all members of the Historic Hotels of America. Each property benefits from an irreplaceable trophy location in the core of their respective communities.
The loan was arranged by FinanceBoston, a Boston-based real estate capital advisory firm. Principal with FinanceBoston Doug Landry tells BLDUP “this closing was completed by arranging a two-bank syndicate, with highly competitive terms commensurate with the strength of each asset and more importantly, the management team. We are looking forward to working with our client on future acquisitions as they expand their historic New England portfolio”.
