EOS Investors, a real estate investment platform, has acquired the 163-key Hyatt Centric Faneuil Hall Boston, marking its first hotel investment in the city.
Financial details of the deal have not been disclosed.
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The hotel is located in Downtown Boston, next to Faneuil Hall and Quincy Market. Opened in 2019, it is among the newer upper-upscale properties in the city centre.
The property is set along the Freedom Trail and is within walking distance of leisure, dining, retail, financial district, and Boston Common locations.
EOS Hospitality, EOS Investors’ affiliated hotel management platform, will manage the hotel.
It plans to focus on the guest experience and the property’s commercial performance.
EOS Investors Acquisitions head Jenna Kronenfeld said: “We are thrilled to establish our presence in Boston through the acquisition of the Hyatt Centric Faneuil Hall, an exceptional asset in a leading urban hospitality market.
“Boston continues to demonstrate compelling market dynamics supported by its diversified demand base and high barriers to entry for new hotel supply. We look forward to driving continued success at the hotel.”
EOS Hospitality manages 69 hotels across the US. Of these, 43 are owned through EOS-managed funds, while its portfolio includes nine properties in major urban hotel markets and 18 hotels in New England.
The acquisition also adds to EOS’s collection of Hyatt Centric hotels and expands its relationship with Hyatt.
EOS Hospitality CEO Simon Mais said: “Boston is an exciting addition to the EOS Hospitality portfolio and an important milestone in our continued growth throughout New England as well as in premier urban hotel markets.
“Hyatt Centric Faneuil Hall Boston has a strong foundation in one of the city’s most dynamic locations, and we look forward to working alongside the property team to further elevate the guest experience and unlock its long-term potential.”
