EOS Investors has acquired the 163-room Hyatt Centric Faneuil Hall Boston, marking the company’s first hotel purchase in the city. The downtown property sits beside Faneuil Hall and Quincy Market. Published reports put the transaction at $58.6 million, and EOS Hospitality will manage the hotel.
Key takeaways
EOS’s acquisition expands its hotel portfolio into Boston, while bringing a recently opened downtown property under the company’s ownership and management.
- The hotel has 163 rooms and opened in 2019.
- Published reports place the purchase price at $58.6 million.
- EOS Hospitality will oversee operations, with a focus on guest experience and commercial performance.
First Boston acquisition
The purchase establishes EOS Investors’ presence in Boston, a market the company characterized as having a diversified base of hotel demand and substantial barriers to new hotel development. Jenna Kronenfeld, EOS’s head of acquisitions, said the company sees the property as an opportunity to build its presence in a leading urban hospitality market.
A downtown property near major attractions
The Hyatt Centric Faneuil Hall Boston is located in Downtown Boston, next to Faneuil Hall and Quincy Market. Opened in 2019, it is among the newest upper-upscale hotels in the downtown area. Its location places the property close to two prominent visitor destinations.
EOS Hospitality to manage the hotel
EOS Hospitality will manage the property, with plans to work on the guest experience and the hotel’s commercial performance. The Boston hotel also adds to EOS’s collection of Hyatt Centric properties, extending the company’s existing relationship with the brand.