In a move signaling its U.S. market expansion strategy, Parks Hospitality Holdings (PHH), a leading hospitality developer and hotel owner, today confirmed the acquisition of the strategically positioned Boston Park Plaza. Located at 50 Park Plaza in Boston s central Back Bay neighborhood, the 1,060-key property will see the property transition to Hilton Boston Park Plaza as part of a post-acquisition rebranding initiative.
Parks Hospitality Holdings (PHH) is a world-class real estate developer founded in 2006 by Charles El-Mann Fasja. PHH is Latin America s largest full-service hotel developer, with 11,000 rooms developed and 3,000 more in the pipeline. Since its founding, PHH has successfully developed more than 100 million square feet of real estate, including mixed-use, high-rise office, high-rise residential, commercial, industrial, and hotels. Led by CEO Charles El-Mann Fasja, Parks Hospitality enhances the destination experience by building and spreading the region s resilience by employing and sourcing directly from the area. PHH is a significant employer and supporter of local suppliers, uplifting the economy and fostering community development. In addition to enhancing local economies, PHH is deeply committed to environmental stewardship. Each property is a testament to this dedication, reflecting a synergy between luxury and environmental sustainability. From using eco-friendly materials in con