Though the Seaport District of Boston is getting attention for its recent revitalization, downtown Boston and the neighborhood of Back Bay can lay claim to the two largest commercial real estate loans, says National Real Estate Investor.
In May, Credit Suisse subsidiary Column Financial issued a $815 million loan for Courtyard Boston Downtown. Then in July, Citibank issued a $225 million loan for the Westin Copley Place. The investment in hotels in the downtown area continued this month with a $50 million loan for the Langham Hotel. The article notes that the up-and-coming Seaport is far from struggling, but is among many destinations in Boston that tourists enjoy.
The article notes that spending on hospitality has been far higher in 2015 than in previous years, even though the year is not finished.
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