The Davis Cos., Rubicon Acquire Hilton Hotel in Massachusetts

by Amy Works

WOBURN, MASS. — The Davis Cos. partnered with The Rubicon Cos. to acquire the Hilton Hotel at Two Forbes Road in Woburn for an undisclosed price. Situated on eight acres, the full-service hotel features 344 rooms and ample on-site parking. The partnership is working with CBT Architects and hotelier Robin Brown to reposition the property. The renovations will include a reimagined atrium featuring an inviting, contemporary restaurant and lounge; an indoor pool; state-of-the-art fitness center; executive lounge; and an 18,000-square-foot function room and ballroom. The renovation work, which includes a $15 million property improvement plan to meet Hilton brand standards, is scheduled to start in the fourth quarter of 2016. Managed by Pyramid Hotel Group, the hotel will remain operational throughout the renovation process.

You may also like