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Sheraton Boston Needham Hotel Re-Opens Under New Management

Sheraton Boston Needham Hotel Re-Opens Under New Management
hospitalitynet.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hospitalitynet.org Daily Mail and Mail on Sunday newspapers.

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Sheraton Boston Needham Hotel Re-Opens Under New Management

Sheraton Boston Needham Hotel Re-Opens Under New Management
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.

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Affiliate of Paceline Equity Partners Acquires Commercial Loan Secured by Sheraton Needham Hotel in Boston Metro Area

Press release content from Business Wire. The AP news staff was not involved in its creation.
Affiliate of Paceline Equity Partners Acquires Commercial Loan Secured by Sheraton Needham Hotel in Boston Metro Area
February 12, 2021 GMT
DALLAS (BUSINESS WIRE) Feb 12, 2021
An affiliate of Paceline Equity Partners, LLC (“Paceline”), a Dallas-based private equity manager, today announced that it has acquired a commercial loan secured by a senior mortgage encumbering a Sheraton Hotel located in the Boston suburban area of Needham, Massachusetts from a regional bank. The acquisition closed in January 2021.
The Sheraton Needham hotel is a 247-room full-service hotel with a full suite of amenities. Just outside Boston, the hotel is well located on the I-95 Corridor, within the 41-acre Needham Crossing business district home to a diverse tenant base, including office, flex/industrial, multi-family, and retail. ....

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