Portfolio of Historic Massachusetts Inns Secures $32.8M in Long-Term FinancingJune 19, 2019
BOSTON—FinanceBoston has arranged a $31.8 million senior loan secured by The Hawthorne Hotel in Salem, The Colonial Inn in Concord, and the Publick House in Sturbridge. These historic properties were constructed as early as 1716, and are all members of the Historic Hotels of America. Each property benefits from an irreplaceable trophy location in the core of their respective communities.
“This closing was completed by arranging a two-bank syndicate, with highly competitive terms commensurate with the strength of each asset and more importantly, the management team, “ said Doug Landry, Principal at Boston-based FinanceBoston. “We are looking forward working with our client on future acquisitions as they expand their historic New England portfolio,” added Landry.The Colonial Inn, Concord MA