JLL’s Hotels & Hospitality group arranged refinancing for The Copley Square Hotel in Boston. JLL worked on behalf of the borrower, Hawkins Way Capital. The 164-key boutique hotel is located over two stories of F&B retail space.
The Copley Square Hotel is a seven-story boutique hotel managed by FCL Management. Following its April 2022 renovation, this historic select-service hotel has 164 guestrooms and studios, a fitness center, communal kitchen, on-site laundry services, valet parking and restaurant/bar areas.
Located on Huntington Ave. and Exeter St., the hotel is situated within Boston’s Back Bay submarket. The property is proximate to the city’s most popular tourism and business demand generators, including the Hynes Convention Center, Fenway Park, Newbury Street, Prudential Center, Boston Common and Public Garden.
Greater Boston is one of the top performing lodging markets in the U.S., trailing only New York, Oahu, Miami and San Diego in revenue per available room. The market benefits from a diverse set of lodging demand generators including healthcare, technology, finance, government, education as well as tourism and conventions. Strong market fundamentals contribute to consistently high occupancies and average daily rates.
The JLL team was led by Executive Vice President Mike Huth, Senior Director Amy Lousararian, Senior Associate Maddie Blount and Managing Director Brandon Smith.