Gencom, through its new partnership with Gemstone Hotels and Resorts, acquired the 114-room Ames Boston Hotel in downtown Boston. The property will be operated by Gemstone Hotels & Resorts. Gencom and Gemstone will immediately undertake and jointly oversee a multimillion-dollar renovation to reposition and reinvigorate the hotel. RobertDouglas was the exclusive advisor to the seller, a private investment group, in the sale.
The renovation will transform the hotel from top to bottom. Guestrooms will receive significant enhancements, including new casegoods, softgoods and new technology. The ground floor will see changes which will highlight the property’s history and location in Boston. Additionally, the hotel’s existing meeting space will be expanded and modernized.
Considered to be Boston’s first skyscraper, the Ames Boston Hotel is listed on the National Register of Historic Places and is the second tallest masonry load bearing wall structure in the world. Originally constructed in 1893, the hotel is located within the Government Center, within walking distance to the financial district and next to the renowned Faneuil Hall Marketplace.