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Old Posted Apr 6, 2014, 4:48 PM
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chris08876 chris08876 is offline
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Join Date: Jul 2013
Location: Riverview Estates Fairway (PA)
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The Verb Hotel



Quote:
This summer, the mid-century motel will become The Verb, replacing what started out as the Fenway Motor Hotel at 1271 Boylston St. in 1959. The 94-room hotel promises to “meld the best of Boston’s past, with the vibrant, spirited culture of the modern-day Fenway neighborhood,” according to Samuels & Associates, the developers behind the project, who are credited with more than $1 billion of investment in many of Fenway’s newest residential, retail and commercial spaces.
The Boston-based developer bought the property in December for an undisclosed prices and took out a $25.4 million mortgage from Brookline Bank, according to the Suffolk Registry of Deeds. The renovation cost of the 43,000-square-foot hotel was estimated at $3 million, according to city records.
Samuels partnered with Weiner Ventures and Spot-On Ventures, developers of the Mandarin Oriental Boston. The Verb is Samuels’ first hotel property.
“We saw a real opportunity to create something unique in this space, while respecting the independent spirit of the local community, building on the arts culture in Fenway and delivering real hospitality in a world that moves too fast,” said Steve Samuels, principal of Samuels & Associates, in a statement.
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http://www.bizjournals.com/boston/re...on-fenway.html
Thomas Grillo
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