REBusinessOnline

KW Development Sells Three Hotels in Boston Metro for $71.5M

CAMBRIDGE, REVERE AND CONCORD, MASS. — KW Development has completed the sales of three hotels in the Boston metro area for a combined $71.5 million. The company sold the 121-key Best Western Plus Hotel Tria, located at 220 Alewife Brook Parkway in Cambridge, to an undisclosed buyer in February; the 180-room Four Points by Sheraton Boston Logan Airport, located at 407 Squire Road in Revere, sold in March; and the 105-key Best Western at Historic Concord, located at 740 Elm St. in Concord, sold in April. The properties were sold to three different undisclosed buyers. Additional details of the sales were not released. Denny Meikelham and Alan Suzuki of HFF represented KW in all three sales.

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