Lowe Enterprises Investors Acquires Two Boston Area Residence Inns from Hersha Hospitality Trust

Lowe Enterprises Investors | November 7, 2016

LOS ANGELES--November 7, 2016--Lowe Enterprises Investors (LEI), in joint venture with a foreign investment client, has acquired the 125-suite Residence Inn Boston Framingham and the 96-suite Residence Inn Boston Norwood Canton. "These are solid-performing assets in major suburban Boston markets. Both properties have been recently renovated and are well-located near business centers and regional attractions providing a strong customer base," noted Bleecker P. Seaman, co-CEO of LEI. Chris Miller and Russell Munn led the investment team for LEI. The HFF investment sales team representing the seller, Hersha Hospitality Trust, was led by ma...