The hotel group is ready to invest 140 million dollars to buy the walls of the luxury property, or close to 1 million dollars per room. This would be the biggest hotel transaction on the Boston market.
Already considered one of the most important interventions on Boston's market, the transaction is nonetheless not definitive. The group Mandarin Oriental, current manager of the property could make an important offer.
Located in a 14 story building on Boylston Street, in Back Bay, the luxury hotel has 148 rooms, and also 85 condominiums and apartments whose owners are independents of the Anglo Irish Bank Corp.
- New owners for Ritz Madrid
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