Hotels & hospitality

Constitution Inn

150 3rd Ave Boston, MA United States 02129
Asking Price Contact for pricing
N/A
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
N/A
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 1992
Last Updated Date 25 Mar 2020

Property Description

The Constitution Inn presents investors with a blank slate repositioning opportunity. A new owner will have complete flexibility to renovate and reposition the Property as either a branded or independent hotel among other potential uses. The Property benefits from an ideal location in the thriving Boston market, proximate to leisure, corporate and medical demand generators. The Charlestown Navy Yard, USS Constitution, Boston Freedom Trail, Spaulding Rehabilitation Hospital and MGH Institute of Health Professions are all within walking distance of the Property. The Property is currently owned by the YMCA of Greater Boston and also features a 30,000 SF fitness center. The YMCA of Greater Boston intends to lease the existing fitness center from the new owner for 3 to 4 years as they seek opportunities to build a new location in Charlestown.

Investment Highlights

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer, on an exclusive basis, the opportunity to acquire the leasehold interest in the 147-room Constitution Inn, an independent hotel located in a qualified opportunity zone in Boston’s Charlestown neighborhood.
Alan Suzuki
Alan Suzuki
Senior Director, Capital Markets
Denny Meikleham
Denny Meikleham
Managing Director, Capital Markets
License details
RI-REB.0017202 MA-9519748

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