#BostonRealEstateIn Back Bay Boston real estate news, the 273-room Taj Boston Hotel at 15 Arlington Street has officially traded hands. Mumbai-based Indian Hotels sold the property to a group of real estate firms, according to a Boston Business Journal article.Among those firms are Eastern Real Estate, Rockpoint Group, and New England Development.
Taj Boston is an internationally acclaimed hotel due to its rich heritage, superb location and grand architecture, said Stephen R. Karp, chairman of New England Development, in a statement. We look forward to making further improvements to this legendary hotel so it becomes the focal point of Bostons cultural activities.
The Back Bay property was first purchased by Indian Hotels in 2006 for $170 million.Read the Boston Business Journal's Taj Boston Sale Officially Closes, Improvements to Come.Are you interested in current trendsin the Boston residential real estate market? Take a look atmyBoston real estate market update.In my 24+ years in the Boston real estate market, Ive made it my priority to develop anextensive knowledge of the city, neighborhoods, buildings, people, and the many issues involved in the local real estate market. If youhave any questions at all about buying or selling Boston real estate, pleasecall me at617-584-9790, or email me by clicking the blue button below.
Boston Real Estate Headlines:
- Bostons Seaport District Rolls Along
- The Boston Red Sox and the Real Estate Market
- Prepping Your Home for Sale
- Boston Living: Rooftop Grilling Laws
Featured Boston Real Estate:
- 1721 Washington Street #509, South End $750,000
- 42 8th Street #1525, Charlestown Navy Yard $510,000
- 177 Beacon Street #1, Back Bay $2,250,000
- 35 Channel Center #509, Seaport $3,500,000