Ashford Hospitality Trust has sold the Courtyard Boston Downtown, a 315-room hotel located at 275 Tremont St. in Boston, for $123 million.
Built in 1925 as the headquarters for Boston's Lodge No. 10 of the Benevolent and Protective Order of the Elks, the historic 13-story property features Post No. 10 Restaurant & Bar, a fitness center, a business center, 12,684 square feet of various meeting space (including a grand ballroom), and approximately 46,000 square feet of leased retail space.
The hotel's location in downtown Boston’s Theater District puts guests within walking distance of numerous entertainment venues, restaurants and theaters, including the Boch Center's Wang and Shubert Theatres, The Wilbur Theatre, and Citizens Opera House. It is surrounded by educational and medical institutions, such as Emerson College, Suffolk University, and Tufts University School of Medicine.
JLL represented the seller.