CONFIDENTIAL OFFERING MEMORANDUM
BOSTON, MASSACHUSETTS
Approved 50-Key Hotel Development Opportunity 188 High Street is an approved, 14 story, 50 Key hotel development opportunity located in the heart of Boston’s Financial District. The project is approved by the Boston Planning & Development Agency and the City of Boston Zoning Board of Appeals. All appeal periods have expired.
The premises currently consist of a vacant lot with approximately 1,090 square feet of land in a highly- commercialized section of Boston’s Financial District. The proposed project includes the development of a 14-story hotel with certain related site improvements (“Proposed Project”). The property site is just steps away from the Rose Kennedy Greenway with numerous public transportation options, including the South Station transportation facility, within a short walking distance.
The immediate area is lush with numerous institutions and large companies as well as tourist attractions within walking distance that are major demand drivers for additional hotel rooms.
188 High Street is offered on an “as-is” basis and without a formal asking price. Upon receipt of a signed confidentiality agreement, qualified investors will be provided with access to the offering memorandum and due diligence materials. Once investors have had an opportunity to review the offering materials and tour the property, Colliers will schedule a “Call for Offers”.
For more additional information on the property, please visit 188high.colliers.com.
South Station
8-minute walk to South Station
Seaport Beacon Hill North Station
State Street Station
6-minute walk to State Street Station
Faneuil Hall
7-minute walk to Faneuil Hall
Aquarium Station
5-minute walk to Aquarium Station
Greenway
Rowes Wharf Ferry
4-minute walk to Rowes Wharf Project Rendering
HIGH STREET - BOSTON - 188 HOTEL 03.05.2019 PISANI + ASSOCIATES ARCHITECTS
PROJECT BREAKDOWN
Lot Size: 1,090 SF Lobby: 1,090 SF (Lobby) Floors 2- 13: 1,345 SF (4 rooms per floor) Floor 14: 1,345 SF (2 rooms and roof top cafe) Total Project: 18,575 SF (50 hotel rooms) Lot #: 1100481000 INVESTMENT HIGHLIGHTS
Prominent Transit Oriented Address The Property is strategically situated within walking distance of South Station (Boston’s transit hub), the MBTA Blue Line and the MBTA commuter ferry with swift vehicular access to Interstates 90 (Massachusetts Turnpike) and 93 as well as Logan International. 188 High Street will offer future guests unparalleled transit access.
Approved Hospitality Development Opportunity The offering is approved to transform from a surface parking lot to a 14 story, 50 key hotel in the heart of downtown Boston, surrounded by countless attractions and amenities.
Live – Work – Play Destination The area surrounding 188 High Street has developed in recent years beyond being a traditional home for financial, accounting and law firms. Today, hundreds of thousands of office workers, residents and college students, visit downtown Boston each day to experience the dynamic mix of retail, dining, residential, hotel, health/fitness and cultural options the neighborhood offers.
Ultra-Core Location Situated in the heart of Boston’s booming central business district, 188 High Street presents immediate access to Boston’s Financial District, Beacon Hill, Faneuil Hall, Downtown Crossing, and Seaport. The Rose F Kennedy Greenway has become Boston’s “Main Street” and provides green space to downtown. Back Bay
South Station
Greenway
Rowes Wharf Ferry Seaport Cambridge
Boston Common
Aquarium Station
Long Wharf Ferry BOSTON, MASSACHUSETTS CONTACT US:
CHRIS SOWER Senior Vice President 617 330 8141 [email protected]
BRUCE LUSA Vice President 617 330 8043 [email protected]
JONATHAN BRYANT Assistant Vice President 617 330 8081 [email protected]
JOHN FLAHERTY Associate 617 330 8151 [email protected]
Colliers International 160 Federal Street Boston, MA 02110 colliers.com