0 Boston Park Plaza Hotel Sells For $250M

Boston Park Plaza Hotel

Photo Credit: Banker & Tradesman

Another building trade is scheduled to take place in Back Bay.

Banker & Tradesman reports, “Sunstone Hotel Investors Inc. will buy the Boston Park Plaza Hotel & Towers for $250 million from an ownership group that includes Donald Saunders and Rockpoint Group…During the company’s anticipated 2013 ownership period, Sunstone expects the hotel to generate between $6.5 million and $8 million of hotel net operating income. Highgate Hotels will continue to manage the property.”

Follow the link to read the Banker & Tradesman article on the sale of the Boston Park plaza.

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