Date: December 2017
Location: Boston, Mass., USA
Name: Fairmont Copley Plaza – Five star
No. of Keys: 383
Seller: RLJ Lodging Trust, who completed a merger with FelCor Lodging Trust in September 2017, making it the third largest hotel REIT by enterprise value ($7bn). They have 160 hotels in 26 states in the USA. FelCor bought the hotel from Fairmont in 2010 for $98.5m, who in turn paid $70m for the hotel in 1996 from Harvard Management Co. The hotel opened in 1912 and was named in honour of John Singleton Copley, the great American painter. and has a great history
The Copley Plaza Hotel has been host to every U.S. President since William Howard Taft and royalty from Greece, Thailand, Abyssinia, Saudi Arabia, Iran, Belgium, Denmark and the United Kingdom have visited the hotel.
Celebrities like Lena Horne, Dorothy Lewis, Rudy Valle, Frank Sinatra, Tony Bennett and Luciano Pavarotti have been guests. Elizabeth Taylor and Richard Burton selected the Copley Plaza for their second honeymoon.
The Fairmont Copley Plaza has hosted more weddings than the well-known Trinity Church-located next door.
Price per Key: $443,864
First Seen: Hotel Management