Finance & DevelopmentParks Hospitality Holdings Acquires Boston Park Plaza

Parks Hospitality Holdings Acquires Boston Park Plaza

BOSTON, Massachusetts—Parks Hospitality Holdings confirmed the acquisition of the Boston Park Plaza. Located 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. The hotel has contemporary and pet-friendly guestrooms and suites, two restaurants, a variety of amenities, and 70,000 square feet of meetings and event space.

“Acquiring the celebrated Boston Park Plaza is a significant milestone for Parks Hospitality Holdings,” said Charles El-Mann Fasja, CEO at PHH. “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 United States. We’re honored to continue expanding our partnership with Hilton with this iconic project and have future plans to scale our presence across other key U.S. cities.”

Founded in 2006 by Charles El-Mann Fasja, PHH affiliates’ current portfolio includes over 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 Southern U.S. locations).