APEX Capital Investments Corporation has sold two Marriott-branded Residence Inn extended-stay hotels totaling 221 keys in the suburban Boston communities of Norwood and Framingham, Mass.
JNR Management acquired the assets for an undisclosed sales price.
JNR has retained the Residence Inn by Marriott brand for both hotels under a long-term franchise agreement with Marriott International Inc. The new owner has plans to renovate the hotels comprehensively, including a total refresh in all guest rooms and common spaces, aesthetic updates, bath upgrades in guest rooms and enhancements to the exterior. The hotels will remain open for business during renovations.
The portfolio includes the 125-key Residence Inn Boston Framingham and the 96-key Residence Inn Boston Norwood/Canton. Each hotel offers spacious suites with separate living/sleeping areas, fully equipped kitchens, complimentary hot breakfast and free wi-fi. In addition, the properties feature a fitness cente
