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We champion the causes of our clients and set the standards for service while holding our fiduciary responsibilities and our integrity in the highest regard.
O’Connell Hospitality Group is pleased to announce the offering for sale of an exceptional oceanfront hotel development site permitted for 120-200 hotel rooms at Waterfront Square located within the Logan Airport Market Boston
Exceptional Hotel Market
The strength of this hotel market is exemplified by its remarkably strong 2014 occupancy rate of 86.6 percent. The stability of this market is also remarkable, as evidenced by the fact that market occupancy was a healthy 74.5 percent at the low point of the most recent hotel cycle in 2009. This demonstrates this market’s resilience to economic downturns and indicates a capacity to absorb new supply. In 2014 the Hotel’s competitive set achieved a remarkable 13.5 percent increase in RevPAR, driven by a 10.9 percent increase in average rate.