News: Front Section

Roedel Companies holds ground breaking of Hilton Garden Inn

Shown (from left) are: Paul Quaranto, Jr., Boston Mutual Life Insurance Company; Kevin Feeney, town of Canton, Mass. Board of Selectman;
David Roedel, Roedel Companies; Howard Neff, Jr., Boston Mutual Life Insurance Company; Paul Schneiders, Schneiders & Schneiders;
Paul Brodmerkle, partner of Site Design Professionals, LLC; and Kristine Meaney, partner of Site Design Professionals, LLC.

Canton, MA The growing portfolio of Roedel Companies continues to expand with the groundbreaking of the Hilton Garden Inn.

The ceremonial groundbreaking was organized by Boston Mutual Life Insurance Company, which is leasing the land to Roedel Companies to develop the hotel. Howard Neff, chief investment officer of Boston Mutual Life Insurance Company, presided over the event and was joined by members of Roedel Companies, including business development officer David Roedel.

This is the second property that Roedel Companies has broken ground on in Mass. in the last six months. In July, the New Hampshire-based hotelier broke ground on their Homewood Suites by Hilton at Riverbridge in Berlin. The two properties bring the number of hotels Roedel Companies owns, operates or manages to 13 throughout the Northeast.

“We look for good opportunities and great partners,” Roedel said. “That’s certainly the case with both of these projects. We see a need, an attractive location and a great business relationship.”

The 138-room HGI Canton is on a three-acre parcel in an office campus setting that includes Boston Mutual Life Insurance Company, Dunkin’ Brands and Computershare, among other companies. The hotel will fit the corporate and travel needs of these companies with 3,500 s/f of meeting space, while adding an upscale bar-centric restaurant to the area.

The hotel includes a fully automated board room and additional conference room space along with amenities such as ergonomic desk chairs, complimentary Wi-Fi, state-of-the-art fitness center and 24-hour business center.

Site work has started and construction will begin in the spring. ROK Builders, an affiliate of Roedel Companies, is managing the construction of the hotel, which is scheduled to open in the spring of 2019.

Boston Mutual Life Insurance Company worked closely with the town to ensure minimal neighborhood and traffic disruptions. The hotel will not create any additional peak traffic and will blend into the surrounding environment. The architect and interior design firm, Group One Partners, have created a design ideally suited, inside and out, for the site with a traditional look and low building profile.

MORE FROM Front Section

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,
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Quick Hits
Columns and Thought Leadership
Make PR pop by highlighting unique angles - by Stanley Hurwitz

Make PR pop by highlighting unique angles - by Stanley Hurwitz

Coming out of the pandemic, a client with three hotels in Provincetown, Mass., needed ways to let the world know his properties were open for business for the 2021 tourist season.
Four tips for a smooth 1031 Exchange - by Bill Lopriore

Four tips for a smooth 1031 Exchange - by Bill Lopriore

Many real estate investors do not understand the specific requirements that must be met to secure the benefits of a tax-deferred 1031 exchange. For example, the replacement property must be identified within 45 days of the closing date of the relinquished property.
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

To say that the effects of COVID-19 has transformed office leasing is an understatement. When COVID-19 was at its peak, office spaces were practically abandoned either through governmental mandates or through actions taken by businesses themselves.

Five ways to ruin a  Section 1031  Like-Kind Exchange - by Bill Lopriore

Five ways to ruin a Section 1031 Like-Kind Exchange - by Bill Lopriore

While there is some flexibility when structuring a like-kind exchange, some important requirements must be met. A mistake can ruin your exchange. Here are five mistakes to avoid: