HFF Closes $112.5 Million Sale of the Envoy Hotel, a Marriott Autograph Collection Hotel in Boston

BOSTON--(BUSINESS WIRE)--

Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the $112.5 million sale of The Envoy Hotel, an iconic, full-service, 136-room boutique hotel in Boston's Seaport District.

HFF marketed the property on behalf of the seller, Norwich Partners.

Completed in June 2015, the four-diamond, AAA-rated Envoy Hotel has become one of Boston's most popular hotels. The Envoy Hotel is located at 70 Sleeper Street at the nexus of Boston's Seaport and Financial District. The hotel is adjacent to numerous corporate demand generators, including Vertex Pharmaceuticals, PriceWaterHouseCoopers and the new GE Corporate Campus, as well as numerous office, residential and retail projects. Additionally, the hotel is within walking distance to more than 10 major tourist attractions, more than 25 restaurants and the Boston Convention & Exhibition Center. Logan International Airport is also easily accessible via water taxi or via the Ted Williams Tunnel. The hotel features two food and beverage outlets, Outlook Kitchen + Bar, the hotel's signature restaurant; and the popular Lookout Rooftop Bar, which is the only rooftop venue in the city providing views of the Boston skyline and the waterfront. The Envoy Hotel is part of Marriott's Autograph Collection, making it among an elite class of only 95 hotels globally to earn that distinction.

The HFF investment sales team representing the seller was led by managing director Denny Meikleham and director Alan Suzuki.

About Norwich Partners

Norwich Partners is a New England and Florida-based developer of and investor in commercial real estate, primarily hotels in the northeastern U.S. and Florida. Founded and capitalized in 2003, the company formalized a long standing business relationship between the three founding members.

About HFF

HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. HF. HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.

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