In a move signaling its U.S. market expansion strategy, Parks Hospitality Holdings (PHH) has acquired the Boston Park Plaza. Located in Boston’s central Back Bay neighborhood, the property will transition to the Hilton Boston Park Plaza as part of a post-acquisition rebranding initiative.
The hotel features 1,060 guestrooms and suites, two restaurants and 70,000 sq. ft. of meetings and event space. Other amenities include Boston’s first Topgolf Swing Suite, the 20,000-sq.-ft. Lynx Fitness Club, a Leica Store and Gallery and a FedEx Business Center.
“Acquiring the celebrated Boston Park Plaza is a significant milestone for Parks Hospitality Holdings,” said Charles El-Mann Fasja, founder/CEO, PHH, a full-service hotel developer in Latin America. “This addition to our irreplaceable hotel real estate portfolio marks a new era of expansion for PHH, bringing our expertise in hospitality development and investment from Mexico to locations across the U.S. We’re honored to continue expanding our partnership with Hilton with this iconic project and have plans to scale our presence across other key U.S. cities.”
Boston Park Plaza is located four miles from Boston Logan Airport, a block away from the historic Boston Common and near Boston Public Garden, the Theater District and the Arlington Station.
Opened in 1927 as The Statler Hotel, the property has changed hands several times, from Conrad Hilton in 1954 to a local family in 1976. Dignitaries, U.S. presidents and celebrities have stayed there.
Danny Hughes, president, Americas, Hilton, said, “We are delighted to welcome back one of our first Boston properties, Hilton Boston Park Plaza, to the Hilton family. The hotel’s exceptional location in the heart of the city, coupled with the property’s friendly service and thoughtful amenities, offers the perfect home for every traveler and any occasion. Since Conrad Hilton purchased the property in 1954, we’ve built upon his vision to fill the earth with the light and warmth of hospitality. Today, we are proud to welcome travelers at more than 60 Hilton hotels across 10 brands in Boston.”
Leonard Gooz, brand leader, Hilton Hotels & Resorts, added, “Nearly 70 years since Hilton first arrived in Boston, we’re thrilled to welcome back visitors to this iconic hotel. As we continue to grow Hilton Hotels & Resorts to more than 600 hotels welcoming guests globally, we are excited to add Hilton Boston Park Plaza to the brand’s portfolio. We look forward to honoring the hotel’s legacy and serving as a destination for the next generation of travelers, galas and events for years to come.”
Founded in 2006, PHH affiliates’ current portfolio includes more than 11,000 hotel keys and more than 11,000 U.S.-based multifamily units with an additional 2,000 under development (primarily in Colorado, California and other U.S. Southern locations). The company expanded to the U.S. in 2018 with an investment in the 285-key Grand Hyatt Vail.