Certares Acquires the 390-Room Hilton Boston Back Bay

International news
Certares, a leading global investment firm focused exclusively on the travel and hospitality industries, today announced its twelfth hotel acquisition. The firm purchased the 390-room Hilton Boston Back Bay, inclusive of a 209-space parking garage, for $171 million. 

This acquisition was made in partnership with Belcourt Capital Partners ("Belcourt"). Together, Certares and Belcourt have plans to modernize the hotel's facilities through a comprehensive capital expenditure program to enhance the overall guest experience.

Located in the heart of Boston's historic Back Bay neighborhood, one of the city's most popular commercial, retail and residential corridors, the hotel is proximate to Boston's most significant attractions, including Fenway Park, Symphony Hall, and upscale dining and shopping in the Prudential Center and on Newbury Street. Additionally, the hotel benefits from nearby transportation hubs, such as Back Bay Station, South Station and Logan International Airport.

Mike Kusy, Director at Certares, commented: "This acquisition aligns with our strategy to acquire high-quality, well-located assets poised to benefit from targeted capital improvements and hands-on asset management. The Hilton benefits from an irreplaceable location within one of the top submarkets in the country, and we're excited to further enhance the hotel's already strong market presence."