Hyatt Regency in Downtown Crossing Sold

The Hyatt Regency Boston has been sold to Chesapeake Lodging Trust, of Fairfield NJ, for $112 million, or roughly $225,000 a room. Chesapeake Lodging Trust said they plan to invest additional funds into the 21 story hotel, which will remain under the Hyatt Regency Flag. The Chicago-based Hyatt bought the former Swissotel in 2003 with intentions of selling it under a long-term management agreement said Steve Haggerty, global head of Hyatt.

For the full Boston Herald article, click here.

Tags →
A Real Estate Blog by
A Real Estate Blog by CondoDomain