Summit JV acquires 250-key Hampton Inn Boston – Logan Airport for $60M ($241K/key)

  • 12/10/2024

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Hotel Investment Today
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The properties are the 250-key Hampton Inn Boston - Logan Airport and the 149-key Hilton Garden Inn Tysons Corner in Vienna, Virginia, for a combined purchase price of $96 million, or $241,000 per key. The purchase price represents an 8.8% capitalization rate based on forecasted 2024 net operating income and no meaningful capital expenditures are planned prior to the fourth quarter of 2026.

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