News: Front Section
Posted: August 26, 2016
HFF closes $112.5m sale of The Envoy Hotel for Norwich Partners
The Envoy Hotel, 70 Sleeper Street, BostonBoston, MA Holliday Fenoglio Fowler, L.P. (HFF) has closed the $112.5 million sale of The Envoy Hotel, an iconic, full-service, 136-room boutique hotel in the city’s Seaport District.
HFF marketed the property on behalf of the seller, Norwich Partners.
The HFF investment sales team representing the seller was led by managing director Denny Meikleham and director Alan Suzuki.
Completed in June 2015, the four-diamond, AAA-rated Envoy Hotel has become one of the city’s most popular hotels. The Envoy Hotel is located at 70 Sleeper St. at the nexus of the Seaport and Financial District. The hotel is adjacent to numerous corporate demand generators, including Vertex Pharmaceuticals, PriceWaterHouseCoopers and the new GE Corporate Campus, as well as numerous office, residential and retail projects. Additionally, the hotel is within walking distance to more than 10 major tourist attractions, more than 25 restaurants and the Boston Convention & Exhibition Center. Logan International Airport is accessible via water taxi or via the Ted Williams Tunnel. The hotel features two food and beverage outlets, Outlook Kitchen + Bar, the hotel’s signature restaurant; and the Lookout Rooftop Bar, which is one of the only rooftop venue in the city providing views of the skyline and the waterfront. The Envoy Hotel is part of Marriott’s Autograph Collection, making it among an elite class of only 95 hotels globally to earn that distinction.
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