Retail/Hospitality

NY Investment Firm Acquires Three Boston Hotels

Boston – AWH Partners, LLC, Maddd Equities, LLC and Joy Construction Corporation announced the purchase of three Holiday Inn hotels in the Boston suburbs, Holiday Inn & Suites Boston-Peabody, Holiday Inn & Suites Marlborough and Holiday Inn Boston-Dedham Hotel and Conference Center in an off-market transaction.

Spire Hospitality, AWH’s full-service hospitality management company, is now managing the properties. The group signed long-term franchise agreements with IHG and will begin extensive renovations to each of the hotels, including upgrades to the guest rooms, common areas and meeting space.

Located in activated urban infill and suburban locations surrounding Boston, one of the nations’ leading hotel markets, the Holiday Inn & Suites Boston-Peabody, Holiday Inn & Suites Marlborough and Holiday Inn Boston-Dedham Hotel and Conference Center together have a total of 555 guest rooms and 8,000sf of event and meeting space.

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