Barings has granted a $115 million loan to refinance the Renaissance Boston Seaport Hotel, which has been owned by a joint venture between affiliates of Rockpoint, Highgate and hotelAVE since 2015.
According to Jonathan Neff, managing director at Barings, the Boston hotel market is experiencing positive growth with limited new supply in the near future. The Renaissance is strategically located in close proximity to various demand drivers such as top employers in Boston, the Convention and Exhibition Center and popular retail and entertainment destinations.
The upscale Renaissance Boston Seaport Hotel can be found at 606 Congress St. in the vibrant Seaport District with stunning views of Boston Harbor. Originally built in 2008, it will undergo a comprehensive renovation by 2025. The property boasts over 21,000 square feet of versatile meeting space including a spacious ballroom spanning over 10
