HFF Secures $140M for Aloft and Element Hotels in Seaport District
October 25, 2017 - By The Real Reporter
Aloft and Element Hotels, Boston Seaport District
BOSTON—Holliday Fenoglio Fowler, L.P. (HFF) announces the $140 million financing of the 330-room Aloft Hotel and the 180-room Element Hotel adjacent to the Boston Convention and Exhibition Center (BCEC) in Boston’s Seaport District.
“The hotels opened for business in early 2016 and have enjoyed a strong reception due in part to the phenomenal growth of the Seaport area, the quality of the development and the strong demand generated from the BCEC,” expressed, HFF managing director, Anthony Cutone in a release. The HFF team worked on behalf of the borrower, a venture between a fund managed by an affiliate of Ares Management and CV Properties LLC, to secure the loan through Starwood Property Trust. HFF arranged construction financing for the properties as well, back in 2014.
The Aloft Hotel is a 13-story hotel with 330 guestrooms. Hotel amenities include a grab and go gourmet eatery, fitness center, pool, outdoor entertainment area, Aloft’s signature WXYZ bar, and 12,000 square feet of function space.
The Element Hotel was designed for longer-stay travelers and features 180 guestrooms with fully-equipped kitchens, flexible workspace and spa-inspired bathrooms. Hotel amenities include a pool and fitness center, Restore Gourmet Pantry, a bike sharing program and meeting space.
The HFF debt placement team representing the borrower included Cutone and director Matthew Enright.
New Identity for Henneman
September 19, 2018
Hunneman Announces Emerging Leadership; Prozinski and Evans’ Direction Coincides with New Identity
September 19, 2018 | The Real Reporter
BOSTON–Founded in 1929 the Long-standing commercial brokerage and services firm, Hunneman unveiled a bold, modern new brand iden
Secondary Urban Clusters In Major Markets
September 19, 2018
Hub Running Out Of Space; Where’s Next Urban Cluster?
September 19, 2018 | Brendan Carroll - Perry Research
BOSTON–A steady pattern of new corporate entrants, anchored-development announcements and significant project approvals continue
9 Gordon Street, Framingham MA
September 18, 2018
Pair of West Suburban Multifamily Assets Trade via M&M for $3.1M
September 18, 2018 | The Real Reporter
FRAMINGHAM–Two apartment buildings west of Boston traded for an aggregate value of $3.1 million. The Gordon street asset, a nine
The Smith, South End Rendering
September 17, 2018
Legat McCall, Bentall Kennedy, Bozzuto and CBT Team on ‘The Smith’ in Boston’s South End
September 17, 2018 | The Real Reporter
BOSTON–Leggat McCall Properties, Bentall Kennedy, Bozzuto Development Company, and CBT have broke ground on The Smith, a new hou
Rendering: Oak Row, West Roxbury
September 14, 2018
Peabody Properties Looks to Take Advantage of Former IHOP Restaurant Site
September 14, 2018 | The Real Reporter
WEST ROXBURY– Peabody Properties has confirmed the pre-relasing phase of Oak Row Apartments, located at 1235 VFW Parkway. First