Warwick, Rhode Island-based Magna Hospitality Group has acquired the Hampton Inn Boston-Logan Airport in Revere from Linchris Hotel Corp. of Hanover for $36.9 million.
Located at 230 Lee Burbank Highway/Route 1A, the 7-story, 277-room hotel was built in 2001 and features function space, an indoor pool, business center, complimentary shuttle service, airline crew lounge and the Two Doors Down Bar & Restaurant.
HFF’s Denny Meikleham and Alan Suzuki represented the seller.
According to its website, Magna Hospitality is making acquisitions on behalf of its $75 million Magna Hotel Fund III, a discretionary fund that closed in 2008.