Boston hotels are basically the hottest things in town apart from the Patriots' offense. They have been selling for titanic prices amid escalating room rates and a building boom that rivals the city's historic residential-construction pace. Throw another piece of evidence on the pile: the sales price of Kenmore's Hotel Commonwealth.
We've known since August that Orlando-based Xenia Hotels & Resorts was buying the 245-room inn, which recently unveiled a Red Sox-heavy wing (the Commonwealth is the team's official hotel). We now know the final price: $125,084,453. That pencils out to $510,548 and change per room. It's not a record, but certainly something you wouldn't have seen in Kenmore five years ago.
· Mandarin Oriental Boston: Inside the City's Priciest Hotel [Curbed Boston]
· Boston's Many New Hotels Will Find a Warm Reception [Curbed Boston]
· Our Updated Map of the Many New Hotels Going Up in Boston [Curbed Boston]
· New Hotel Commonwealth Wing Banks on Red Sox Appeal [Curbed Boston]
[H/t for the Commonwealth price to Catherine Carlock at the Business Journal]