Commercial Real Estate Drone Video - The Davis Companies - JLL - Boston Seaport Omni
JLL's Hotels & Hospitality Group is pleased to announce that the firm has secured $330.7 million in construction financing on behalf of New Boston Hospitality, an affiliate of the Davis Companies, and Omni Hotels & Resorts. The loan will be used to construct the Omni Boston Hotel at the Seaport, a 1,055-room luxury hotel located directly across the street from and connected by underground tunnel to the Boston Convention and Exhibition Center in Boston’s Seaport District. The construction loan was provided through a syndicate led by U.S. Bank, Santander and M&T Bank.
Managing Directors Kevin Davis and Bob Webster, and Executive Vice President Jon Schneider led the team on the transaction.
Upon completion, the convention center hotel will be the largest in Seaport District and fourth largest in Massachusetts. The property will feature approximately 111,700 square feet on convention space, including a 25,000-square-foot grand ballroom that will be the largest hotel ballroom in Boston. Additional facilities and amenities include more than 47,000 square feet of retail space, a 13,000-square-foot expansive spa and fitness center and an outdoor pool and event venue.