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Article: Metro Boston Hotel Transactions on the Rise; Courtyard by Marriott, Logan International Airport Residence Inn by Marriott, Merrimack, NH Sold by O'Connell Hospitality Group.
- Article from:
- PR Newswire
- Article date:
- June 10, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BOSTON, June 10 /PRNewswire/ -- Tom Foley, John Siska and Jim O'Connell of O'Connell Hospitality Group, LLC represented the owners of the 156 room Courtyard by Marriott Hotel within the Logan International Airport market north of Boston, MA. Total project cost for acquisition and upgrades exceeds $8,250,000 or $52,884 per room. The seller, Atlanta-Boston Lodgings, LLC and its parent company, Logian, Inc. of Atlanta, GA acquired the former 120 room Comfort Inn in 1998, expanded the hotel and converted it to the Courtyard by Marriott brand. OHG sold the hotel when the Seller decided to divest non-core hotel assets within their portfolio. In addition to exclusively ...
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