Rockwood Capital has closed on the sale of the Courtyard Boston Logan Airport hotel in East Boston to Maine investors in a $43 million transaction. The full service Marriott-branded hotel features 351 rooms and is located at 225 William F. McClellan Highway, 2.5 miles north of Boston Logan International Airport and within five miles of downtown Boston. The property was built in phases and comprises 12-story and 11-story guest room towers connected by a two-story, multi-use building. The hotel has an indoor swimming pool, business center, and a Brinkley’s Restaurant & Lounge. The sale was completed with a $37.5 million mortgage provided by Androscoggin Savings Bank. HFF marketed the property on behalf of the seller.
“The Logan Airport lodging market continues to be one of Boston’s best-performing submarkets,” stated managing director Denny Meikleham, HFF. “Courtyard Boston Logan Airport has consistently out-performed other airport hotels because of its location, quality, Marriott affiliation and management team. HFF has a long-term relationship with both the buyer and seller and viewed this acquisition as a ‘win-win’ for both entities.”
