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Ames Boston Hotel Sold; 10 Percent T-Fare Hike Possible

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DOWNTOWN BOSTON—Another big trade of another Boston hotel: "A Florida-based hospitality investment company on Monday announced plans to acquire the 114-room luxury boutique Ames Boston Hotel and begin an up to $6 million renovation of the property." [Biz Journal]
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HUB-WIDE—T fares are likely going up in the new year. The only real question is by how much: "[T]he T's Fiscal and Management Control Board kept a controversial figure—10 percent—in play, when it voted 4-0 to approve a new fare policy." [Boston.com]