Acquiring Hotels Is Solid Strategy To Cash In On Increased Demand
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| Morristown, N.J.-based Normandy Real Estate Partners and Newton-based Blue Hawk Investments entered into a joint venture partnership to purchase and redevelop Newton’s Hotel Indigo, a 7-story, 191-room property. It’s the region’s first branded boutique hotel, designed for travelers between the ages of 25 and 44 who desire a luxury experience outside the realm of a traditional hotel. |
By Justin Krebs
Normandy Real Estate Partners, one of the nation’s leading private equity firms, has purchased more than $1 billion in commercial real estate in Massachusetts over the past 18 months, making the firm one of the largest such buyers in the Boston area.
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