Hilton Boston Back Bay sells for $171m

Certares, a global investment firm focused exclusively on the travel and hospitality industries, has announced its 12th hotel acquisition.

The firm purchased the 390-room Hilton Boston Back Bay, inclusive of a 209-space parking garage, for $171 million.

The acquisition was made in partnership with Belcourt Capital Partners. Certares and Belcourt have plans to modernize the hotel’s facilities through a comprehensive capital-expenditure program to enhance the overall guest experience.

Located in the heart of Boston’s historic Back Bay neighborhood, one of the city’s most popular commercial, retail and residential corridors, the hotel is near Boston’s most significant attractions, including Fenway Park, Symphony Hall, and upscale dining and shopping in the Prudential Center and on Newbury Street. The hotel also is near transportation hubs, such as Back Bay Station, South Station and Logan International Airport.

“Boston is one of the only true