Joint venture acquires Liberty Hotel in Boston

01/7/2013 | Boston Herald

LaSalle Hotel Properties and Carpenter & Co. have teamed up to purchase a majority interest in the 298-room Liberty Hotel in Boston. The sale price amounted to $170 million, or more than $570,000 per room, making it "the highest price per room of all hotels sold in Boston over [at least] the last two years," said J.P. Ford of Lodging Econometrics.

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