Jones Lang LaSalle Americas, Inc. offers, on an exclusive basis, the fee simple interest in the 164-room SpringHill Suites Boston Peabody. Through September of 2023, the owner has invested $3.2 million (~$19,000/key) into the Hotel. The on-property amenities include an indoor pool, fitness center, and meeting space.
Located in Peabody, Massachusetts, the SpringHill Suites Boston Peabody offers investors the opportunity to acquire an institutional-quality, Marriott-branded, all-suite hotel with strong in-place cash flow at an attractive basis. The Hotel is being offered unencumbered by management and at a significant discount to replacement cost in the high-barrier New England hospitality market.
Investment highlights
- Strategic Suburban Boston Location
- Access to Diverse Demand Drivers
- High-Quality, All-Suite Hotel
- Industry-Leading Marriott Brand Affiliation
- Recently Renovated Hotel
- Strong In-Place Cash Flow
- Unencumbered by Management
For details visit here.
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