News: Front Section

Refinancing secured for The Copley Square Hotel by JLL Hotels & Hospitality group

Boston, MA JLL’s Hotels & Hospitality group has arranged refinancing for The Copley Square Hotel, a FOUND Hotel, the 164-key boutique hotel with over two stories of F&B retail space.

JLL worked on behalf of the borrower, Hawkins Way Capital, LLC.

The Copley Square Hotel is a seven-story boutique hotel managed by FCL Management. Following its recent renovation in April 2022, this historic building seamlessly blends modern sophistication with timeless charm. The select service hotel features 164 expertly designed guest rooms and studios, a fitness center, communal kitchen, on-site laundry services, valet parking and restaurant/bar areas.

Located on Huntington Ave. and Exeter St., the hotel is situated within the city’s Back Bay submarket. The property is proximate to the city’s most popular tourism and business demand generators, including the Hynes Convention Center, Fenway Park, Newbury St., Prudential Center, Boston Common and Public Garden.

Greater Boston is one of the top performing lodging markets in the U.S., trailing only New York, Oahu, Miami and San Diego in revenue per available room. The market benefits from a diverse set of lodging demand generators including healthcare, technology, finance, government, education as well as tourism and conventions. Strong market fundamentals contribute to consistently high occupancies and average daily rates.

The JLL team was led by executive vice president Mike Huth, senior director Amy Lousararian, senior associate Maddie Blount and managing director Brandon Smith.

MORE FROM Front Section
Front Section

McEvoy of The Conrad Group brokers $2.9 million sale of industrial building

Hingham, MA The Conrad Group  has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Newmark negotiates sale of  10 Liberty Sq. and 12 Post Office Sq.

Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.

Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
It’s time to get creative with closed college campuses - by Christian Koulichkov

It’s time to get creative with closed college campuses - by Christian Koulichkov

Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in
5 Questions to ask when  choosing a real estate broker - by Elizabeth Perez Barlett

5 Questions to ask when choosing a real estate broker - by Elizabeth Perez Barlett

>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.