Seven Hills Realty Trust Secures $45 Million Bridge Loan for Boston Hotel Acquisition
December 18, 2024 - 06:44
NEWTON, Mass., December 17, 2024—Seven Hills Realty Trust has successfully closed a substantial $45 million bridge loan aimed at financing the acquisition of the Club Quarters Hotel, located in Boston, Massachusetts. This strategic move marks a significant step in the company’s expansion within the hospitality sector.
The funding will enable Seven Hills Realty Trust to enhance its portfolio, focusing on prime real estate opportunities in key markets. The Club Quarters Hotel, known for its prime location and amenities, is expected to contribute positively to the company’s financial performance.
This acquisition aligns with the Trust's ongoing strategy to invest in high-demand properties that offer potential for robust returns. The management expressed optimism about the hotel’s prospects, citing the growing demand for accommodations in Boston as a driving factor. As the hospitality industry continues to recover, Seven Hills Realty Trust is positioning itself to capitalize on emerging opportunities.
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