BOSTON, June 1, 2006/ -- As profits from increased hotel performance rises in suburban Boston, so do the number of hotel transactions. Investors have turned their focus on Boston as it climbs out of the doldrums.

Jim O’Connell, Principal of O’Connell Hospitality Group, LLC and Thomas Foley, Sr. Managing Director for OHG represented WPH Boston, LLP, Owners of the Sheraton Ferncroft Resort in the $13.0 Million sale of the Ferncroft Country Club, Danvers, MA and introduced the Buyers, Affinity Golf Management of Charlottesville, VA to the project.

This month, O’Connell and Foley represented Peabody Hotel Group, the Owners in the $5.65 Million sale of the 158 room Holiday Inn, Randolph and introduced the Buyers, Jiten Hotel Management to the opportunity. On May 24, the OHG tandem completed its third hotel sale with the closing of the 191 room, Holiday Inn Newton situated on the Grove Street Exit off I95/Rte 128. OHG represented the Owners, Grovedale Associates, LP and introduced the Buyer, Blue Hawk Investments to the sale.

OHG has two more I-95/Rt 128 hotel sales under contract totaling $50 Million, expected to close this summer.

“The acquisition activity in Boston and the suburbs has started to intensify. The Boston Metro area was a laggard in the national recovery for hotels, however it is now well on its way to regaining its pre-2000 prominence. We expect to see at least seven more hotels trade along the Beltway before the end of the year”, said Jim O’Connell.

O’Connell Hospitality Group, LLC is a full service real estate company providing brokerage, finance and consulting services to the hospitality industry. It represents public companies, financial institutions, equity funds and private individuals across the United States with offices in Boston, Dallas and San Diego. For additional company information please visit www.oconnellhospitality.com or call (978) 777.8898.