Paceline Affiliate Acquires 247-Room Sheraton Boston Needham Hotel

THE SHERATON BOSTON NEEDHAM HOTEL | June 16, 2021

DALLAS - June 16, 2021 - Sheraton Boston Needham Hotel, a 247-room full-service hotel located in Needham, Massachusetts on the I-95 Corridor today announced that Providence-based StepStone Hospitality was appointed as property manager. The appointment of StepStone Hospitality, a best in class hotel management company, follows the acquisition of the Sheraton by an affiliate of Paceline Equity Partners, LLC ("Paceline"), a Dallas-based private equity manager. The hotel reopened in May and is poised to re-emerge as a sought-after destination for corporate, social, education, and sporting groups, as well as business and leisure travelers....