CBRE Hotels, as sole and exclusive agent for the owner, has been retained to offer for sale the fee-simple interest in the Staypineapple Boston. The non-Union Hotel is located in Boston, MA (“Hotel” or “Property”) within the highly desirable Back Bay/South End submarket of Boston’s urban core. The offering presents the opportunity to acquire a fully unencumbered boutique hotel located in one of the country’s most durable gateway markets at pricing well below replacement cost. Between 2021-2024, the Boston hotel market has been the third-fastest recovering lodging market in the U.S. according to CBRE Hotels Research. As of year-end 2024, Boston has enjoyed a 17.0% and 10.2% RevPAR growth over 2019 and 2022, respectively. New ownership will benefit from the increase in demand and market growth tailwinds that continue to elevate the Boston hotel market.
Data Room Access: https://www.cbredealflow.com/buyer/agreement?pv=uoSJo5Fj5rD4g-oWMGMOm34I5-7QKeZNdYfmU89qQDRxUx-IyOGyRyhjuYAUcUsV
Property Description
The eight-story, 56-key Staypineapple Boston is situated at the intersection of Berkeley and Chandler Streets in Boston’s vibrant South End neighborhood. The property is two blocks from the Back Bay commuter hub and within easy walking distance to Copley Square, the Charles River and tens of thousands of square feet of retail, museums, dining and nightlife in the buzz of the South End and Back Bay. The Hotel is also home to the Trophy Room, a vibrant 3,500 SF restaurant possessing desirable street frontage along the Hotel’s ground floor.