JLL’s Hotels & Hospitality group has arranged refinancing for The Copley Square Hotel, a FOUND Hotel, a 164-key boutique hotel with more than two stories of F&B retail space in Boston. JLL worked on behalf of the borrower, Hawkins Way Capital LLC.
The seven-story boutique hotel is managed by FCL Management. Following its recent renovation in April 2022, the select-service hotel features 164 guestrooms and studios, a fitness center, a communal kitchen, on-site laundry services, valet parking and restaurant/bar areas.
It is situated within Boston’s Back Bay submarket and proximate to the city’s most popular tourism and business demand generators, including the Hynes Convention Center, Fenway Park, Newbury St., Prudential Center, Boston Common and Public Garden.
Greater Boston is one of the top-performing lodging markets in the U.S., trailing only New York, Oahu, Miami and San Diego in RevPAR. The market benefits from a diverse set of lodging demand generators including healthcare, technology, finance, government and education, as well as tourism and conventions. Strong market fundamentals contribute to consistently high occupancies and ADRs.
The JLL team was led by EVP Mike Huth, Senior Director Amy Lousararian, Senior Associate Maddie Blount and Managing Director Brandon Smith.
