Boston has transformed from an aged, industrial hub into a world-class city centered on education, healthcare and technology over the course of the 21st century. This is evidenced by Boston’s emergence as a luxury hospitality destination according to JLL in their new report. The report states that “In 2019, Boston would gain the reputation as being one of only three U.S cities to have two Four Seasons hotels within a one-mile distance. And in mid-2023, the first Raffles hotel in North America will open its doors here.” This expansion of well established luxury hotel brands is expected to continue and elevate Boston’s status as an attractive destination for those seeking luxurious accommodations.
As such, it comes at no surprise that these high end hotels command 10% ADR premium over other luxury markets across America – signifying its potential for investment with plenty opportunity available long term due to continued evolution of this great cityscape . A suite at The Ritz Carlton located here serves as evidence towards this notion .
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