In the mid-20th century, Conrad Hilton purchased the property, which represented Hilton’s first hotel in Boston and was later named the Statler Hilton.
Located at 50 Park Plaza in Boston's central Back Bay neighborhood, the 1,060-key property will see the property transition to Hilton Boston Park Plaza as part of a post-acquisition rebranding initiative.
Sunstone Hotel Investors, Inc. (NYSE: SHO) today announced that it has completed the sale of the 1,060-room Boston Park Plaza for a gross sale price of $370 million, or approximately $350,000 per key.
Rockpoint Group, L.L.C. announced that the firm and its affiliates completed two hotel sales over the last three weeks, generating $375 million in proceeds. Dispositions include Boston Park Plaza and Courtyard Waikiki.