$718,000 a room is the going rate to buy a Boston Hotel

Boston  has big balls!

Recently Boston’s Godfrey Hotel was purchased by a German investor group before construction was finished. Values of Boston real estate keeps the money rolling in. It doesn’t matter how much it cost because marketers can sell location and story to people who want to be connected to it.

Consumers and businesses satisfy their needs by spending money on a Bostonian product and that makes a lot of Boston developments valuable. Located in Downtown Crossing, the hotel fetched $174m.

Before the sale, there was the Taj Hotel located in the Back Bay transaction transferring for  a million a room, raising eyebrows earlier in the year.

These events mapped Boston to the number three ranked hotel market in the country as 2015 winds down.

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