Keyword: Rockpoint Group of Boston
The hotel currently is operating as the Renaissance San Diego Hotel, and will see a full rebrand and transition to Hotel Republic in October.
The property sold for roughly $4 million less than when it was last sold in 2006, possibly due to security concerns.
Facing ever-mounting debts, Tata-owned Indian Hotels Company is selling its assets, including the historic Boston hotel.
New England Development and Eastern Real Estate, along with Rockpoint Group of Boston and Lubert-Adler, are set to purchase the hotel.