Mar
15
Colliers to Arrange Financing for 235-Key Hilton in Boston Area
ByThe hotel, for which Colliers is expected to raise $50 million, is planned to break ground mid-2016 and slated to open in January 2018.
Dual-branded Hilton in Woburn, Mass., rendering
Boston, Mass.—Colliers Intl. has been chosen by Madison Properties to arrange debt and equity financing for a dual-branded Hilton ready for development in Woburn, Mass. With site work nearly done, the project is planned to break ground mid-2016 and is slated for opening in January 2018. The Commercial Observer reports that Colliers’ targeted amount is $50 million.
The team will be led by Thomas Welch, senior vice president of capital markets with Colliers Intl. Boston, and Richard Lillis, executive vice president of hotels with Colliers Intl. Florida…
Colliers to Arrange Financing for 235-Key Hilton in Boston Area
