Starwood Hotels & Resorts Worldwide has announced plans for a dual-branded hotel development in Boston, encompassing a 330-room Aloft and 180-room Element. The development is set to open in 2016, and be located across the street from the Boston Convention & Exhibition Center.
The hotels will be owned and developed by a partnership between majority equity partner Ares Management and CV Properties on a 5.2-acre parcel of land leased from the Massachusetts Convention Center Authority.
Construction on the $158-million project is already underway and, upon completion, the hotels will be operated by Starwood. Financing will be provided by RBS Citizens Financial Group and Santander Bank in the amount of $97 million.
"The addition of the Element and Aloft Boston Waterfront hotels on D Street will provide needed support to the BCEC and the entire South Boston Waterfront for its many business and leisure travelers," said Boston Mayor Martin J. Walsh. "I look forward to celebrating the opening of these two new and modern properties, and congratulate the MCCA, CV Properties and Starwood on a successful collaboration."
Catering to the next generation of travelers with loft-like rooms, accessible technologies and a line-up of innovative programming, Aloft Boston Waterfront will offer more than 10,000 square feet of state-of-the-art meeting space, a Splash pool, fitness center, and Re:fuel by Aloft -- a one-stop grab & go food and beverage area. Guests will also enjoy free access to local emerging artists as well as some of the hottest bands with Live at Aloft Hotels programming at the W XYZ(R) bar.
Element Boston Waterfront will offer light-filled studios, spa-inspired bathrooms and facilities including a fitness center, pool, and approximately 1,000 square feet of flexible meeting space.
The 13-story Aloft Boston Waterfront will be separated from the eight-story Element Boston Waterfront by a hotel drive that runs perpendicular to D Street and provides access to the porte-cochere of both hotels. The Aloft and Element will share a 120-space parking lot and each hotel will include more than 8,000 square feet of street-level retail and restaurant space.
"Both Aloft and Element have cultivated loyal fan bases with their distinctive positioning and clean, modern design, and are increasingly sought after to meet the needs of the next generation of travelers in major metropolitan cities, like Boston," said Allison Reid, SVP, North America development for Starwood Hotels & Resorts. "We are excited to work on this landmark project with the Massachusetts Convention Center Authority, CV Properties and Ares -- all of whom share our passion for creating a world-class convention destination that will attract visitors from around the globe."