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Copyright © 1998 - 2020 Hotel News Resource. So far in 2019, Host has sold $609 million in hotel properties, and has five more properties under contract to be sold. Article - Residence Inn by Marriott Boston Watertown Sold - Summit Hotel Properties, Inc. (NYSE: INN) reported today that it has completed the acquisition of the 150-guestroom Residence Inn … Now $118 (Was $̶1̶5̶0̶) on Tripadvisor: Residence Inn by Marriott Boston Cambridge, Cambridge. The Company also retained the approximately $3.8 million balance in the FF&E reserve. ORLANDO, Fla., Oct. 5, 2020 — Xenia Hotels & Resorts, Inc. (NYSE: XHR) (“Xenia” or the “Company”) today announced it has sold the 221-room Residence Inn Boston Cambridge in Cambridge, Massachusetts for a price of $107.5 million, or approximately $486,500 per key. “We are pleased to have completed the sale of Residence Inn Boston Cambridge, the only remaining select service asset in our portfolio,” commented Marcel Verbaas, Xenia’s Chairman and Chief Executive Officer. The sale price represents a 11.6x multiple and a 7.8% capitalization rate on the hotel’s 2019 Hotel EBITDA and net operating income, respectively. In connection with the transaction, the buyer assumed the $60.3 million mortgage collateralized by the hotel. "We are pleased to have completed the sale of Residence Inn … WiFi and an evening social are free, and this hotel also features a gym. Xenia Hotels & Resorts has sold the Residence Inn Boston Cambridge hotel in Cambridge, Massachusetts, for $107.5 million in a transaction that marks the sale … It’s an ideal location for students, business travelers, families, couples, and just about anyone else looking to enjoy a relaxing getaway in Boston. The Company also retained the approximately $3.8 million balance in the FF&E reserve. Hotel News Resource has a very loyal audience and many companies take advantage of our ability to fine tune information about your organization for them. All guest accommodations at Residence Inn Boston Cambridge feature a fully equipped kitchen. The most reliable place for accurate and unbiased hotel reviews. The Company also retained the approximately $3.8 million balance in the FF&E reserve. Property Details. Voters Want Another COVID Relief Bill →, Spotlight on Rebuilding Trust in International Tourism & Travel →, Viva Wyndham Introduces Complimentary Travel Insurance Program Across Resorts →, → U.S. Flips to Positive Hotel Profit As Europe Backslides, → 100 Room AC Hotel Park City Opens in Utah, → 5 Ways Hotels Can Boost Their Revenue Amid The COVID Chaos, → UNWTO - Advancing an International Code for Protection of Tourists, → WTTC Hosts First Virtual AGM with over 120 Members and WTTC Ambassadors in Attendance. For a fee, parking is available. ... Public garage passes sold at front desk for 40 USD per day with in/out access. Xenia Hotels & Resorts, Inc. is a self-advised and self-administered REIT that invests in uniquely positioned luxury and upper upscale hotels and resorts, with a focus on the top 25 U.S. lodging markets as well as key leisure destinations in the United States. The property offers 221 apartment-style hotel accommodations with fully equipped kitchens, separate living spaces, and a thoughtful collection of modern amenities.

It’s an ideal location for students, business travelers, families, couples, and just about anyone else looking to enjoy a relaxing getaway in Boston. Residence Inn by Marriott Boston Cambridge, Cambridge: See 534 traveller reviews, 234 photos, and cheap rates for Residence Inn by Marriott Boston Cambridge, ranked #8 of 21 hotels in Cambridge and rated 4 of 5 at Tripadvisor. Cambridge, Massachusetts 02142 USA. Punctuate a satisfying day of business or exploration by stopping by The Residence Inn Mix™ social event, available three nights per week. Xenia: Residence Inn Boston Cambridge Sold For $107.5 Million Xenia Hotels & Resorts, Inc. (NYSE: XHR) last week announced it has sold the 221-room Residence Inn Boston Cambridge in Cambridge, Massachusetts for a price of $107.5 million, or approximately $486,500 per key. Residence Inn Boston Cambridge . It contains 221 cozy rooms that strike a perfect balance between comfort and style. Xenia Hotels & Resorts, Inc. (NYSE: XHR) last week announced it has sold the 221-room Residence Inn Boston Cambridge in Cambridge, Massachusetts for a price of $107.5 million, or approximately $486,500 per key. A fitness center, multilingual staff, and gift shops/newsstands are also featured at the business-friendly Residence Inn by Marriott Boston Cambridge. In connection with the transaction, the buyer assumed the $60.3 million mortgage collateralized by the hotel. ORLANDO, Fla., Oct. 5, 2020 — Xenia Hotels & Resorts, Inc. (NYSE: XHR) (“Xenia” or the “Company”) today announced it has sold the 221-room Residence Inn Boston Cambridge in Cambridge, Massachusetts for a price of $107.5 million, or approximately $486,500 per key. Residence Inn Boston Cambridge is located close to many iconic Boston landmarks. Countless thoughtful amenities are available at Residence Inn Boston Cambridge. Xenia Hotels & Resorts Inc. has sold the Residence Inn Boston Cambridge in Cambridge, Mass., in a transaction valued at $107.5 million. RI-Cambridge-GM, General Manager at Residence Inn by Marriott Boston Cambridge, responded to this review Responded January 2, 2020 Dear dalmoz, Thank you for recently staying with us and for taking the time to let us know about your stay. Xenia's hotels are in the luxury and upper upscale segments, and operated and/or licensed by industry leaders such as Marriott, Hyatt, Kimpton, Fairmont, Loews, and Hilton, as well as leading independent management companies including The Kessler Collection and Sage Hospitality. Do NOT follow this link or you will be banned from the site. The rooms are all equipped with a double sofa bed and a flat-screen satellite TV. Xenia Hotels & Resorts, Inc. is a self-advised and self-administered REIT that invests in uniquely positioned luxury and upper upscale hotels and resorts, with a focus on the top 25 U.S. lodging markets as well as key leisure destinations in the United States. The previously announced sale of Marriott Napa Valley Hotel & Spa is expected to close before the end of October in accordance with the terms of the purchase and sale agreement that the Company executed in August. Our pet-friendly hotel features extended-stay suites and a free breakfast buffet. Prime Hospitality out of Fort Collins, a hotel and motel partnership, has purchased the Residence Inn by Marriott in Durango for $8.2 million. Read full article » Sign up today for industry news delivered to your inbox. The Company also retained the approximately $3.8 million balance in the FF&E reserve. Residence Inn Boston Cambridge is an extended-stay hotel close to many of the city’s most popular attractions. by Released Xenia Hotels & Resorts has sold the 221-room Residence Inn Boston Cambridge in Cambridge, Mass., for $107.5 million. Xenia Hotels & Resorts, Inc. (NYSE: XHR) last week announced it has sold the 221-room Residence Inn Boston Cambridge in Cambridge, Massachusetts for a price of $107.5 million, or approximately $486,500 per key. Enjoy exclusive discounts at parking garages and private spaces near the Residence Inn and book early to ensure you have a guaranteed reserved parking space for your next visit. Our pet-friendly hotel features extended-stay suites and a free breakfast buffet. "We are pleased to have completed the sale of Residence Inn Boston Cambridge, the only remaining select service asset in our portfolio," commented Marcel Verbaas, Xenia's Chairman and Chief Executive Officer. “We are pleased to have completed the sale of Residence Inn Boston Cambridge, the only remaining select service asset in our portfolio,” said Marcel Verbaas, Xenia’s chairman and CEO. Residence Inn Boston Cambridge . "We are pleased to have completed the sale of Residence Inn Boston Cambridge, the only remaining select service asset in our portfolio," commented Marcel … Residence Inn Boston Cambridge Sold For $107.5 Million Xenia Hotels & Resorts, Inc. (NYSE: XHR) last week announced it has sold the 221-room Residence Inn Boston Cambridge in … Cambridge, Massachusetts 02142 USA. All rights reserved. The transaction generated approximately $46.0 million in net proceeds for the Company after transaction costs. Our long-stay hotels are packed with thoughtful features to maximise your stay. If you are a member of Xenia Hotels you may be interested in learning how to optimize your content on our network. The transaction generated approximately $46.0 million in net proceeds for the Company after transaction costs. See 535 traveler reviews, 234 candid photos, and great deals for Residence Inn by Marriott Boston Cambridge, ranked #8 of 21 hotels in Cambridge and rated 4 of 5 at Tripadvisor. Oyster.com secret investigators tell all about Residence Inn by Marriott Boston Cambridge. Residence Inn By Marriott Boston Cambridge is 1.1 km from Harvard Bridge and features a picnic area and a tennis court. ... Public garage passes sold at front desk for 20 USD per day with in/out access. View deals for Residence Inn by Marriott Boston Cambridge, including fully refundable rates with free cancellation. This transaction, which exemplifies our focus on value creation for our shareholders and our continued dedication to our long-term strategy, has created additional balance sheet flexibility during this unprecedented time.". 847 CAMBRIDGE, MA — Xenia Hotels & Resorts, Inc. announced it has sold the 221-room Residence Inn Cambridge in Cambridge, MA for a price of $107.5 million, or approximately $486,500 per key. Residence Inn Boston Cambridge is an extended-stay hotel close to many of the city’s most popular attractions. ORLANDO, Fla., Oct. 1, 2020 /PRNewswire/ -- Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") today announced it has sold the 221-room Residence Inn Boston Cambridge in Cambridge, Massachusetts for a price of $107.5 million, or approximately $486,500 per key. Proceeds from the sale will be utilized to repay borrowings under the Company’s credit facilities and for general corporate purposes. The Company owns 38 hotels comprising 11,024 rooms across 16 states. Massachusetts Institute of Technology (MIT) is minutes away. Residence Inn Boston Cambridge 6 Cambridge Center Cambridge, MA 02142 Purchase parking passes for Residence Inn Boston Cambridge now! With complimentary Wi-Fi, a convenient hotel Market and well-equipped fitness center, Residence Inn Boston Cambridge has everything you need for a relaxing extended stay in a historic city. "The sale of this hotel is the culmination of a highly competitive process, and we are pleased with the outcome given current market fundamentals. As the first news aggregate for the hotel industry, Hotel-Online is the industry’s must-read daily news source for everything hotel curated for busy professionals. The Company owns 38 hotels comprising 11,024 rooms across 16 states. CAMBRIDGE, MA — Xenia Hotels & Resorts, Inc. announced it has sold the 221-room Residence Inn Cambridge in Cambridge, MA for a price of $107.5 million, or approximately $486,500 per key. The sale price represents a 11.6x multiple and a 7.8% capitalization rate on the hotel's 2019 Hotel EBITDA and net operating income, respectively. A hot breakfast is served each morning in the hotel’s restaurant, while a reception is provided in the evenings. This 3-star Cambridge … Driving Directions 120 Broadway. Xenia Hotels & Resorts Sells Residence Inn Boston Cambridge For $107.5M 10/1/20 Xenia Hotels & Resorts, Inc. (NYSE: XHR) today announced it has sold the 221-room Residence Inn Boston Cambridge in Cambridge, Massachusetts for a price of $107.5 million, or approximately $486,500 per key. Driving Directions Residence Inn Boston Cambridge is located close to many iconic Boston landmarks. 02 OCTOBER 2020 9:18 AM Xenia Hotels & Resorts announced it has sold to an unnamed buyer the 221-room Residence Inn Boston Cambridge in Cambridge, Massachusetts, for $107.5 million. Guests praise the comfy beds. Countless thoughtful amenities are available at Residence Inn Boston Cambridge. “The sale of this hotel is the culmination of a highly competitive process, and we are pleased with the outcome given current market fundamentals.  This transaction, which exemplifies our focus on value creation for our shareholders and our continued dedication to our long-term strategy, has created additional balance sheet flexibility during this unprecedented time.”. About Residence Inn Boston Cambridge 100 Broadway, Kendall Square, Cambridge, MA The Residence Inn Boston Cambridge is a 15-story hotel located in the heart of Kendall Square. Residence Inn Boston Cambridge Sold For $107.5 Million, Xenia Hotels & Resorts Reports Third Quarter 2020 Results →, Xenia Hotels & Resorts Provides Business Update - Aug 27, 2020, 06:30 ET →, Xenia Hotels Eliminates Chief Investment Officer Position →, Sonesta Announces The Addition Of Over 100 Hotels To Portfolio →, Interstate Hotels & Resorts Selected to Manage Jupiter Hotels' UK Portfolio →, Oxford Capital Group Acquires Five Bay Area Hotels →, ADA Defense Lawyer: ADA Lawsuits Are Defensible - By Jim Butler →, Survey: 9 in 10 U.S. For more information on Xenia's business, refer to the Company website at www.xeniareit.com. 120 Broadway. Enjoy modern, flexible suites with all the comforts of home at Residence Inn. Proceeds from the sale will be utilized to repay borrowings under the Company's credit facilities and for general corporate purposes. Browse real photos from our stay.