0 Boston Park Plaza Hotel Gets Modernized

Posted on June 30, 2015 by Wil Catlin

Credit: Boston Park Plaza Hotel

A Back Bay building at 50 Park Plaza has just gone through a $100M upgrade. The 90 year old Boston Park Plaza Hotel has been brought up to today’s standards.

Patch.com lists out the on-site upgrades, including the following:

•   Replacement of the hotel’s roof, exterior facade and sidewalk surrounds
•   Creation of 5,500 square feet of prime retail space
•   Installation of a state-of-the-art HVAC system
•   The addition of STRIP by Strega, an all-new 5,700 square foot high-energy steakhouse concept by Boston-based restaurateur Nick Varano
•   The addition of Off The Common, the Boston Park Plaza’s new restaurant and lounge
•   Additional guest services include complimentary use of the brand new David Barton Gym fitness center, FedEx Office Print & Ship Center, and 50,480 square-feet of exceptional meeting space

0 Boston Park Plaza Hotel Sells For $250M

Posted on May 9, 2013 by Wil Catlin

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.