Rockbridge acquired the Embassy Suites in the Boston suburb of Marlborough, Mass., near the region’s high-tech corridor. Rockbridge selected Pyramid Hotel Group, which has experience in the Greater Boston area, to operate the hotel.
Rockbridge will complete a renovation that is scheduled to begin in the second quarter of 2018. The renovation will touch nearly every aspect of the hotel, including renovating all public spaces, renovating all guest rooms and bathrooms, expanding the fitness area and updating the hotel exterior, among other improvements. Pyramid will lead the collaborative renovation effort along with hotel development company, RBHD.
“Rockbridge is excited about the opportunity to acquire and re-energize this Embassy Suites by re-capitalizing the hotel and retaining its leadership position in the market,” Chris Diffley, managing director, investment group at Rockbridge, said in a statement. “We are also pleased to be working with Pyramid, a strong local partner, on this project.”
The 229-room, all-suites hotel is located off of I-495 in Marlborough, west of Boston and in close proximity to top demand generators, including high-tech corporate offices and manufacturers, the New England Sports Complex and a mixed-use retail, entertainment and business center.
The hotel will remain a full-service Embassy Suites by Hilton branded property.
Rockbridge has been investing in and building brands for nearly 20 years. The business made 222 hotel investments in 38 states worth more than $5.2 billion in capitalization.