Q10|NERR places $8.75 million in financing on 104-room hotel
According to James Murphy of Q10|New England Realty Resources, financing has recently been placed on a hotel.
Q10|New England Realty Resources represented the borrower in securing $8.75 million in permanent financing for the Hawthorn Suites Hotel, a 104-room, one and two bedroom suite hotel, located at 401 Dorset St.
Q10/NERR worked successfully with PNC Real Estate to fund this loan during a period of extraordinary volatility in the capital markets. The funding provided for full proceeds as requested by the Borrower and utilized "split-level rate lock" protection to help ensure a favorable outcome.
Cambridge, MA The nonprofit Preservation of Affordable Housing (POAH) has secured $23.5 million in financing from Rockland Trust and Citizens Bank to transform a 150-year-old, underutilized church complex into housing. The project will ultimately create 46 affordable family-sized apartments.
Preserving wealth across multiple generations requires strategic planning, foresight, and the right investment vehicles. Delaware Statutory Trusts (DSTs) offer a powerful solution for families looking to build and protect their financial legacy and to efficiently plan for their estate.
The Connecticut hospitality market has demonstrated uneven recovery patterns between 2019 and 2025, with boutique and historic properties achieving $125 RevPAR in 2025, up 8.7% from the 2019 level. Coastal resort properties achieved a $105 RevPAR in 2025, representing 10.5% growth since 2019. Casino corridor properties maintained modest growth with RevPAR improving 4.5% to $92 in 2025.