JLL Arranges Sale of Residence Inn Boston North Shore/Danvers
BOSTON, Massachusetts—JLL Capital Markets announced that it arranged the $13.5 million sale and financing of the 96-room Residence Inn Boston North Shore/Danvers, an extended-stay hotel in Danvers, Massachusetts. The property has approved conversion rights to an 88-unit multifamily residential community. JLL represented the seller, an affiliate of PEG Companies, Inc., in the transaction. Torrington acquired the asset and plans to move forward with a multifamily conversion after an initial period of continued hotel operations under […]
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