{"id":1004133733,"date":"2015-12-16T06:36:29","date_gmt":"2015-12-16T14:36:29","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004133733"},"modified":"2020-04-15T08:19:31","modified_gmt":"2020-04-15T16:19:31","slug":"german-investor-makes-first-foray-into-boston","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/german-investor-makes-first-foray-into-boston\/","title":{"rendered":"German Investor Makes First Foray into Boston"},"content":{"rendered":"<p>By Keith Loria, Contributing Editor<\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/12\/59-Temple-Place_Exterior-Proposed-reduced.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004133734\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/german-investor-makes-first-foray-into-boston\/3d-rendering\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/12\/59-Temple-Place_Exterior-Proposed-reduced.jpg\" data-orig-size=\"736,1000\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Studio Rendering&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;59 Temple Place, Boston, MA&quot;,&quot;created_timestamp&quot;:&quot;1308182400&quot;,&quot;copyright&quot;:&quot;\\u00a9 Steve Dunwell&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;3D Rendering&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"3D Rendering\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/12\/59-Temple-Place_Exterior-Proposed-reduced.jpg?w=736\" class=\"alignright size-medium wp-image-1004133734\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/12\/59-Temple-Place_Exterior-Proposed-reduced.jpg\" alt=\"3D Rendering\" width=\"221\" height=\"300\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/12\/59-Temple-Place_Exterior-Proposed-reduced.jpg 736w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/12\/59-Temple-Place_Exterior-Proposed-reduced.jpg?resize=221,300 221w\" sizes=\"auto, (max-width: 221px) 100vw, 221px\" \/><\/a><a href=\"https:\/\/www.oxford-capital.com\/\" target=\"_blank\" rel=\"nofollow\">Oxford Capital Group, LLC<\/a> in a joint venture with an affiliate of Walton Street Capital, LLC, have agreed to a sale lease\/management back to\u00a0Germany\u2019s\u00a0Union Investment Real Estate of The Godfrey Hotel Boston.<\/p>\n<p>\u201cAfter thoroughly vetting a large number of interested investors and suitors, we chose Union Investment for a variety of reasons, including its commitment to a highly professional transaction process, the scale and quality of its organization and people, and its competitive pricing,\u201d John Rutledge, Oxford Capital Group\u2019s founder, president and CEO, said in a prepared release. \u201cAnd as always, we\u2019re looking for win-win relationships with our investors.\u201d<\/p>\n<p>Located in Boston\u2019s rapidly growing Downtown Crossing neighborhood, the Godfrey Hotel Boston is a 242-room high design, lifestyle hotel scheduled to open in\u00a0January 2016.<\/p>\n<p>\u201cWe are delighted to have reached this agreement with Union Investment for The Godfrey Boston to be its first foray into\u00a0the United States\u2019\u00a0hotel market,\u201d Rutledge said. \u201cWe are confident in the future success of The\u00a0Godfrey\u00a0and that the property, brand, and management platform will benefit from the transaction.\u201d<\/p>\n<p>The\u00a0Godfrey\u00a0will offer its guests and visitors a range of amenities including\u00a0George Howell Coffee, its own artisan small batch roasted coffee cafe, a fitness center, a soon-to-be-announced partnership\u00a0with a well-regarded local restaurant group and an executive boardroom.<\/p>\n<p>The transaction is structured as a 25-year lease covering 100 percent of the total rentable area of 135,000 square feet based on an annual fixed rent. An additional profit share component documents the spirit of aligned interests between Oxford Capital, Walton Street Capital and Union Investment.<\/p>\n<p>\u201cThe international growth of our hotel investment activities is based on a clear strategy of expanding our hotel portfolio and diversifying even further across all asset classes,\u201d Andreas Locher, Union Investment Real Estate\u2019s head of investment management hotels, said in the release. \u201cOur long-standing presence in the U.S. office market and our strong commitment, both in metropolitan areas and in gateway cities, is successfully opening doors and enabling us to tap into attractive hotel markets in\u00a0North America.\u201d<\/p>\n<p>Downtown Boston\/Downtown Crossing is in the midst of a dramatic transformation, as reflected in the many new high rise residential and retail developments as well as significant refurbishments of office buildings, apartments and retail properties.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oxford Capital Group, in a joint venture with an affiliate of Walton Street Capital, have agreed to a sale lease\/management back of The Godfrey Hotel Boston.<\/p>\n","protected":false},"author":451,"featured_media":1004133736,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1490,21781,21808,21751,21742,10,21785],"tags":[],"class_list":["post-1004133733","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boston","category-corporate-real-estate","category-featured","category-hotel","category-latest","category-northeast","category-property-management"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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