Hilton Boston/Woburn sold for $32.1 million

Kentucky-based hotel owner and operator Columbia Sussex sold a 344-room Hilton in Woburn, Ma., for $32.1 million, according to a Middlesex County deed.

Boston-based real estate company The Davis Cos. purchased the hotel, and is planning to invest $15 million into renovating it. The property was acquired in partnership with The Rubicon Cos. The renovation is expected to begin late 2016. Pyramid Hotel Group will manage the hotel.

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“At the hotel, we see a spectacular renovation opportunity to improve the guest experience for travelers as well as local social functions and meetings,” Marc Gordon, leader of The Rubicon Cos., said in a statement.

 

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