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JLL’s Lodges & Hospitality group has organized refinancing for The Copley Sq. Lodge, a FOUND Lodge, a 164-key boutique resort with greater than two tales of F&B retail house in Boston. JLL labored on behalf of the borrower, Hawkins Approach Capital LLC.
The seven-story boutique resort is managed by FCL Administration. Following its latest renovation in April 2022, the select-service resort options 164 guestrooms and studios, a health middle, a communal kitchen, on-site laundry companies, valet parking and restaurant/bar areas.
It’s located inside Boston’s Again Bay submarket and proximate to town’s hottest tourism and enterprise demand mills, together with the Hynes Conference Middle, Fenway Park, Newbury St., Prudential Middle, Boston Frequent and Public Backyard.
Better Boston is among the top-performing lodging markets within the U.S., trailing solely New York, Oahu, Miami and San Diego in RevPAR. The market advantages from a various set of lodging demand mills together with healthcare, know-how, finance, authorities and schooling, in addition to tourism and conventions. Robust market fundamentals contribute to constantly excessive occupancies and ADRs.
The JLL workforce was led by EVP Mike Huth, Senior Director Amy Lousararian, Senior Affiliate Maddie Blount and Managing Director Brandon Smith.
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