HFF arranges $140 million financing for Renaissance Boston Waterfront Hotel

Renaissance Boston Waterfront Hotel - Boston, MA

Riaz Cassum

Michael Tepedino

Greg LaBine

Boston, MA The Boston office of Holliday Fenoglio Fowler, L.P. (HFF) has arranged $140 million in financing for the recently-opened Renaissance Boston Waterfront Hotel in the Seaport District.

Working exclusively on behalf of Loeb Partners Realty, HFF senior managing directors Riaz Cassum and Michael Tepedino (HFF New York), along with director Greg LaBine, placed a $90 million acquisition loan with Deka Bank and a $50 million mezzanine loan with Fillmore Capital Partners.

Completed in the spring of 2008, the Renaissance Boston Waterfront Hotel has 471 guest rooms including 21 suites and more than 21,000 s/f of meeting space with a 10,700 s/f ballroom and a 4,400 s/f junior ballroom.

The 21-story hotel has 8,248 s/f of indoor recreation space, 5,925 s/f of food and beverage areas and 1,581 s/f of retail. Guests will have access to a spa with indoor lap pool, Jacuzzi, exercise room and roof deck. Located directly east of the city's Financial District, the hotel is in close proximity to the new Boston Convention & Exhibition Center, downtown and Logan International Airport. It is in walking distance to many attractions such as the Institute of Contemporary Art, The Harpoon Brewery, The Children's Museum, Boston Design Center and the New England Aquarium.

The Renaissance Boston Waterfront Hotel restaurant, 606 Congress, has modern American cuisine with regional influence, created by Chef Toby Hill, in creative collaboration with acclaimed chef and restaurateur Michael Schlow.