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Our long-stay hotels are packed with thoughtful features to maximise your stay. WiFi and an evening social are free, and this hotel also features a gym. 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 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. "The sale of this hotel is the culmination of a highly competitive process, and we are pleased with the outcome given current market fundamentals. Sign up today for industry news delivered to your inbox. Cambridge, Massachusetts 02142 USA. Proceeds from the sale will be utilized to repay borrowings under the Company’s credit facilities and for general corporate purposes. The most reliable place for accurate and unbiased hotel reviews. 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. 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. Proceeds from the sale will be utilized to repay borrowings under the Company's credit facilities and for general corporate purposes. Read full article » 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. It’s an ideal location for students, business travelers, families, couples, and just about anyone else looking to enjoy a relaxing getaway in Boston. Prime Hospitality out of Fort Collins, a hotel and motel partnership, has purchased the Residence Inn by Marriott in Durango for $8.2 million. In connection with the transaction, the buyer assumed the $60.3 million mortgage collateralized by the hotel. Property Details. A hot breakfast is served each morning in the hotel’s restaurant, while a reception is provided in the evenings. 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. Cambridge, Massachusetts 02142 USA. 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. Xenia Hotels & Resorts Inc. has sold the Residence Inn Boston Cambridge in Cambridge, Mass., in a transaction valued at $107.5 million. The Company owns 38 hotels comprising 11,024 rooms across 16 states. 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. Oyster.com secret investigators tell all about Residence Inn by Marriott Boston Cambridge. Countless thoughtful amenities are available at Residence Inn Boston Cambridge. The Company owns 38 hotels comprising 11,024 rooms across 16 states. Enjoy modern, flexible suites with all the comforts of home at Residence Inn. Copyright © 1998 - 2020 Hotel News Resource. Residence Inn Boston Cambridge . Now $118 (Was $̶1̶5̶0̶) on Tripadvisor: Residence Inn by Marriott Boston Cambridge, Cambridge. by Released Xenia Hotels & Resorts has sold the 221-room Residence Inn Boston Cambridge in Cambridge, Mass., for $107.5 million. Residence Inn Boston Cambridge is an extended-stay hotel close to many of the city’s most popular attractions. 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. Do NOT follow this link or you will be banned from the site. "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. Guests praise the comfy beds. “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. The transaction generated approximately $46.0 million in net proceeds for the Company after transaction costs. Browse real photos from our stay. 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. If you are a member of Xenia Hotels you may be interested in learning how to optimize your content on our network. 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 … 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. The transaction generated approximately $46.0 million in net proceeds for the Company after transaction costs. Residence Inn Boston Cambridge . Driving Directions 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. 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. 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. All guest accommodations at Residence Inn Boston Cambridge feature a fully equipped kitchen. Residence Inn Boston Cambridge is located close to many iconic Boston landmarks. Residence Inn Boston Cambridge is located close to many iconic Boston landmarks. All rights reserved. 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. 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. A fitness center, multilingual staff, and gift shops/newsstands are also featured at the business-friendly Residence Inn by Marriott Boston Cambridge. The property offers 221 apartment-style hotel accommodations with fully equipped kitchens, separate living spaces, and a thoughtful collection of modern amenities.

Residence Inn By Marriott Boston Cambridge is 1.1 km from Harvard Bridge and features a picnic area and a tennis court. 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. 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. Residence Inn Boston Cambridge is an extended-stay hotel close to many of the city’s most popular attractions. 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. View deals for Residence Inn by Marriott Boston Cambridge, including fully refundable rates with free cancellation. For a fee, parking is available. The rooms are all equipped with a double sofa bed and a flat-screen satellite TV. Residence Inn Boston Cambridge 6 Cambridge Center Cambridge, MA 02142 Purchase parking passes for Residence Inn Boston Cambridge now! Our pet-friendly hotel features extended-stay suites and a free breakfast buffet. 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.". 120 Broadway. 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 Boston Cambridge, the only remaining select service asset in our portfolio," commented Marcel … The Company also retained the approximately $3.8 million balance in the FF&E reserve. Xenia Hotels & Resorts, Inc. | October 05, 2020, ©Copyright 2019 | Hotel-Online.com | All Rights Reserved, Xenia Hotels & Resorts Sells Residence Inn Boston Cambridge for $107.5 Million, The Outlook for Hospitality, Part 3: Technology Vendors Reveal the Solutions That are Helping the Industry Recover, Oxford Capital Group Expands California Portfolio With Acquisition of 5 Hotels, Accor Takes Full Ownership of sbe Hotel Brands, The Axton Group Acquires the Renaissance Austin Hotel in Texas for $70 Million, Wheelock Street Capital Acquires Hotel Contessa in San Antonio, Texas, Alpine Investors’ ASG Acquires ProfitSword, Market Leading Hospitality Software, Eagle Four Partners and Lyon Living Acquire the Newport Beach Marriott Hotel & Spa, Commonwealth Hotels Adds Home2 Suites by Hilton El Reno to Management Portfolio, EOS Investors Acquires Faro Blanco Resort & Yacht Club, Twin River Acquires Operations of Tropicana Evansville Casino from Caesars for $140M, EOS Investors Acquires Viceroy L’Ermitage Beverly Hills, Deal Activity in Travel & Tourism Sector Declined by 11.3% During September, The Indigo Road Hospitality Group Acquires The Skyline Lodge in Highlands, North Carolina, New Owners for Historic Maxwell Mansion Hotel in Lake Geneva, Wisconsin, The ART Hotel Denver Joins Curio Collection by Hilton, Twin River Acquires Iconic Bally’s Brand From Caesars Entertainment, Aimbridge Hospitality Adds 16 Extended Stay America Properties to Management Portfolio, InnVentures Selected to Manage SpringHill Suites by Marriott Bozeman and Hyatt Place Dallas/North Arlington/Grand Prairie, Highgate Assumes Management of Trust Hospitality Portfolio of 22 Lifestyle Properties, Caesars Entertainment and VICI Properties Complete Sale of Harrah’s Reno to CAI Investments for $41.5M, Paramount Lodging Advisors Successfully Transacts the Spanish Garden Inn Santa Barbara. 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. For more information on Xenia's business, refer to the Company website at www.xeniareit.com. So far in 2019, Host has sold $609 million in hotel properties, and has five more properties under contract to be sold. 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. 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 … The Company also retained the approximately $3.8 million balance in the FF&E reserve. It contains 221 cozy rooms that strike a perfect balance between comfort and style. Punctuate a satisfying day of business or exploration by stopping by The Residence Inn Mix™ social event, available three nights per week. 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. 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. The Company also retained the approximately $3.8 million balance in the FF&E reserve. The Company also retained the approximately $3.8 million balance in the FF&E reserve. ... Public garage passes sold at front desk for 20 USD per day with in/out access. 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 … “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. ... Public garage passes sold at front desk for 40 USD per day with in/out access. It’s an ideal location for students, business travelers, families, couples, and just about anyone else looking to enjoy a relaxing getaway in Boston. "We are pleased to have completed the sale of Residence Inn … 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. 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. 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. 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.”. Driving Directions Massachusetts Institute of Technology (MIT) is minutes away. Our pet-friendly hotel features extended-stay suites and a free breakfast buffet. 120 Broadway. This 3-star Cambridge …

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