SpringHill Suites Boston Peabody
Jones Lang LaSalle Americas, Inc. offers, on an exclusive basis, the fee simple interest in the 164-room SpringHill Suites Boston Peabody. Through September of 2023, the owner has invested $3.2 million (~$19,000/key) into the Hotel. The on-property amenities include an indoor pool, fitness center, and meeting space.
Located in Peabody, Massachusetts, the SpringHill Suites Boston Peabody offers investors the opportunity to acquire an institutional-quality, Marriott-branded, all-suite hotel with strong in-place cash flow at an attractive basis. The Hotel is being offered unencumbered by management and at a significant discount to replacement cost in the high-barrier New England hospitality market.
Investment highlights
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