|Last Updated Date||25 Mar 2020|
The Constitution Inn presents investors with a blank slate repositioning opportunity. A new owner will have complete flexibility to renovate and reposition the Property as either a branded or independent hotel among other potential uses. The Property benefits from an ideal location in the thriving Boston market, proximate to leisure, corporate and medical demand generators. The Charlestown Navy Yard, USS Constitution, Boston Freedom Trail, Spaulding Rehabilitation Hospital and MGH Institute of Health Professions are all within walking distance of the Property. The Property is currently owned by the YMCA of Greater Boston and also features a 30,000 SF fitness center. The YMCA of Greater Boston intends to lease the existing fitness center from the new owner for 3 to 4 years as they seek opportunities to build a new location in Charlestown.
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer, on an exclusive basis, the opportunity to acquire the leasehold interest in the 147-room Constitution Inn, an independent hotel located in a qualified opportunity zone in Boston’s Charlestown neighborhood.