Arbor Lodging Partners Acquires the Hilton Garden Inn Boston-Burlington in Massachusetts, Adding to its Already Impressive Portfolio of Hotels Across the U.S.
This leading Chicago-based hotel investment and management company is proud to further expand its list of hotels by acquiring another property in one of the leading hospitality and investment markets in the nation
CHICAGO, May 6, 2022 /PRNewswire-PRWeb/ -- Chicago-based hotel investment and management company, Arbor Lodging Partners, is proud to announce its latest acquisition and second hotel in the Boston metro, the Hilton Garden Inn Boston-Burlington. The hotel marks the 8th Hilton Garden Inn in the Arbor Lodging portfolio and was acquired through a joint venture with Argosy Real Estate Partners. Located in the thriving 128 corridor of Boston at 5 Wheeler Rd., in Burlington, this 180-room hotel is perfectly poised within one of the largest life science and technology hubs in the country, playing host to the likes of MilliporeSigma, Nuance, Oracle, Microsoft, and Salesforce, among others. Being known as one of the top submarkets in the greater Boston area, the location of Hilton Garden Inn Boston-Burlington will be quintessential in accommodating travelers visiting Burlington, as well as heavy corporate travelers in town on business, as Boston is on the cutting edge of medicine and technology with some of the nation's top leading educational and medical institutions in close proximities. With the exceptional quality of life, cultural offerings, diversified employment and well-developed infrastructure greater Boston provides, it has become one of the nation's most desirable areas to live, work and stay. Arbor Lodging Partners, consistently proactive in setting sights on growing markets, will proudly add this latest acquisition to an already impressive roster of hotels throughout the country.
"We are thrilled to grow our existing presence in greater Boston and to add another hotel to our portfolio that we believe is located in one of the best hospitality and investment markets in the nation," said Vamsi Bonthala, Chief Executive Officer of Arbor Lodging Partners. "We are continuously projecting and forecasting markets that we believe will have outsized growth, and with its strong base in life sciences, technology, and education, the Greater Boston market is the perfect example of that."
Located just outside central Boston, the Hilton Garden Inn Boston-Burlington will undergo a comprehensive renovation that will address all guestrooms, guest bathrooms, the building exterior, lobby, restaurant, pool, among other common areas. The transformative renovation will upgrade the hotel to meet the high expectations of modern guests to ensure the best experience. Most recently, Arbor acquired the Hilton Garden Inn Ann Arbor and the TownePlace Suites by Marriott Ann Arbor, assets located in another emerging life sciences and technology market that is also home to one of the leading universities in the country, and was also honored with the prestigious Best Renovation Award during the Hyatt Americas Owners Conference back in October for their work on the Hyatt Place Dallas/Arlington Hotel.
Arbor Lodging's fully integrated hotel investment and management platform now owns and operates over 38 hotels throughout the United States. The portfolio consists of a range of hotels under brands such as Curio Collection by Hilton, Marriott Hotels & Resorts, Courtyard by Marriott, Hilton Garden Inn, Residence Inn, Homewood Suites, AC Hotels, and more.
For more information on this latest acquisition in Burlington, visit https://arborlodging.com. Follow Arbor Lodging on LinkedIn and Facebook for updates.
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ARBOR LODGING
Arbor Lodging is a Chicago-based national owner and operator of hotels. The company was founded in 2006 with the goal of uniting the best practices of enterprising hotel operators and sophisticated institutional investors to effectively underwrite and execute investments in the lodging space. Arbor Lodging Partners makes investments in hotels, acquires loans secured by hotels and, through its affiliate Arbor Lodging Management, manages operations for its own hotels and those owned by third parties. A leading hotel management company with a range of services, Arbor Lodging Management is a Hilton Hotels Worldwide, Marriott Hotels & Resorts, Hyatt Hotels Corporation, and InterContinental Hotels Group approved operator. The company has been designated one of the nation's top hotel companies by Hotel Management Magazine and was most recently honored by the Americas Lodging Investment Summit (ALIS) with the Merger & Acquisition of the Year 2020 award for its substantial 12-hotel portfolio acquisition in January of 2020. To learn more about Arbor Lodging, visit https://arborlodging.com.
ARGOSY REAL ESTATE PARTNERS
Argosy Real Estate Partners ("AREP") specializes in opportunistic, value-add, core-plus and Opportunity Zone strategies in the lower middle market. Through joint venture structures, AREP invests in joint ventures with operating partners who possess substantial market knowledge and a demonstrated track record. AREP currently has approximately $1.9 billion of real estate assets under management. AREP manages capital on behalf of institutional investors, family offices and high net worth individuals. For more information on Argosy Real Estate Partners, please visit http://www.argosyrep.com.
Media Contact
Kathy Bryja/Isabelle Brookover, Heron Agency, 1 773.969.5200, [email protected]
SOURCE Arbor Lodging
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