{"id":1004122885,"date":"2015-07-09T08:17:23","date_gmt":"2015-07-09T16:17:23","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=354866"},"modified":"2020-05-21T22:02:01","modified_gmt":"2020-05-22T06:02:01","slug":"ultimas-shopping-spree-in-suburban-boston","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ultimas-shopping-spree-in-suburban-boston\/","title":{"rendered":"Ultima\u2019s Shopping Spree in Suburban Boston"},"content":{"rendered":"<p style=\"text-align: justify;\"><em>By Veronica Grecu, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify;\">An investment and hotel management company scored again in suburban Boston with the acquisition of the <a title=\"DoubleTree by Hilton Hotel Boston - Westborough\" href=\"https:\/\/doubletree3.hilton.com\/en\/hotels\/massachusetts\/doubletree-by-hilton-hotel-boston-westborough-BOSWTDT\/index.html\" rel=\"nofollow\" >DoubleTree by Hilton Hotel Boston &#8211; Westborough<\/a>.<\/p>\n<div class=\"wp-caption alignright\" style=\"width: 389px\"><a href=\"https:\/\/doubletree3.hilton.com\/resources\/media\/dt\/BOSWTDT\/en_US\/img\/shared\/full_page_image_gallery\/main\/DT_hotelexteriorview01_2_677x380_FitToBoxSmallDimension_Center.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" \" title=\"DoubleTree by Hitlon Hotel Boston - Westborough\" src=\"https:\/\/doubletree3.hilton.com\/resources\/media\/dt\/BOSWTDT\/en_US\/img\/shared\/full_page_image_gallery\/main\/DT_hotelexteriorview01_2_677x380_FitToBoxSmallDimension_Center.jpg\" alt=\"DoubleTree by Hitlon Hotel Boston - Westborough\" width=\"379\" height=\"213\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">DoubleTree by Hitlon Hotel Boston &#8211; Westborough<\/p>\n<\/div>\n<p style=\"text-align: justify;\">The full-service hotel located at 5400 Computer Dr. in Westborough, roughly 33 miles from The Hub, is now owned by <a title=\"Ultima Hospitality\" href=\"https:\/\/www.ultimahospitality.com\/\" rel=\"nofollow\" >Ultima Hospitality<\/a>. The Chicago-based company declined to disclose the transaction price. According to <a href=\"https:\/\/www.propertyshark.com\/mason\/OnePageReports\/report.html?propkey=112007598&amp;newwindow=true\" rel=\"nofollow\">PropertyShark<\/a> data, Ultima bought the hotel from an entity identified as Ivc Whh WestboroughLLC.<\/p>\n<p style=\"text-align: justify;\">Completed in 1985, the 223-room hotel sits on a 304,920-square-foot parcel with immediate access to the junction of routes 9 and 495, and within close proximity to major employers including Bose Corporation, Simplivity and eClinicalWorks. DoubleTree by Hilton Hotel Boston \u2013 Westborough also offers 13,300 square feet of meeting space, a full bar and restaurant, an indoor swimming pool, a complimentary fitness center, 24-hour business center, as well as 407 surface parking spots.<\/p>\n<p style=\"text-align: justify;\">As detailed by the new owner in a press release, the four-story hotel recently completed a renovation of the public areas and meeting space. As a follow up, Ultima plans to renovate the guestrooms in an effort to reposition the hotel as a market leader.<\/p>\n<div id=\"attachment_354871\" class=\"wp-caption alignleft\" style=\"width: 310px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/07\/Sheraton-Needham-Hotel-Needham.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-354871\" title=\"Sheraton Needham Hotel - Needham\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/07\/Sheraton-Needham-Hotel-Needham.jpg\" alt=\"Sheraton Needham Hotel - Needham\" width=\"300\" height=\"163\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Sheraton Needham Hotel &#8211; Needham<\/p>\n<\/div>\n<p style=\"text-align: justify;\">\u201cWestborough and the surrounding areas have reached a critical mass of large corporate tenants that have recently made sizable investments in the area, signifying their long term commitment and providing a stable economic base and downside protection for years to come,\u201d said Nir Liebling, chief investment officer of Ultima Hospitality.<\/p>\n<p style=\"text-align: justify;\">DoubleTree by Hilton Hotel Boston \u2013 Westborough marks Ultima\u2019s fourth acquisition in the Boston area this year. Last month, Ultima purchased the 247-room <a title=\"Sheraton Needham Hotel\" href=\"https:\/\/www.sheratonneedham.com\/\" rel=\"nofollow\" >Sheraton Needham Hotel<\/a> in Needham, located just miles from downtown Boston and Cambridge. The company already owns the Sheraton Framingham Hotel &amp; Conference Center and Courtyard by Marriott, in Marlborough.<\/p>\n<p style=\"text-align: justify;\"><em>Images courtesy of DoubleTree by Hilton and Sheraton Needham Hotel<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Chicago-based investment and hotel management company scored again in suburban Boston.<\/p>\n","protected":false},"author":258,"featured_media":1004507797,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1490,21742],"tags":[],"class_list":["post-1004122885","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boston","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Ultima\u2019s Shopping Spree in Suburban Boston - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/ultimas-shopping-spree-in-suburban-boston\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ultima\u2019s Shopping Spree in Suburban Boston\" \/>\n<meta property=\"og:description\" content=\"A Chicago-based investment and hotel management company scored again in suburban Boston.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/ultimas-shopping-spree-in-suburban-boston\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-07-09T16:17:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-22T06:02:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/DT_hotelexteriorview01_2_677x380_FitToBoxSmallDimension_Center.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"677\" \/>\n\t<meta property=\"og:image:height\" content=\"380\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Veronica Grecu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@VeraGrecu\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ultimas-shopping-spree-in-suburban-boston\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ultimas-shopping-spree-in-suburban-boston\\\/\"},\"author\":{\"name\":\"Veronica Grecu\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/e8362e8641769829162f16fe58091f62\"},\"headline\":\"Ultima\u2019s Shopping Spree in Suburban Boston\",\"datePublished\":\"2015-07-09T16:17:23+00:00\",\"dateModified\":\"2020-05-22T06:02:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ultimas-shopping-spree-in-suburban-boston\\\/\"},\"wordCount\":314,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ultimas-shopping-spree-in-suburban-boston\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/DT_hotelexteriorview01_2_677x380_FitToBoxSmallDimension_Center.jpg\",\"articleSection\":[\"Boston\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ultimas-shopping-spree-in-suburban-boston\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ultimas-shopping-spree-in-suburban-boston\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ultimas-shopping-spree-in-suburban-boston\\\/\",\"name\":\"Ultima\u2019s Shopping Spree in Suburban Boston - 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