Colliers International sells the former Alexandra Hotel

Boston, MA, August 19, 2019 – Colliers International recently announced that its Capital Markets group facilitated the sale of the former Alexandra Hotel, located at 1767-1769 Washington Street in Boston’s thriving Roxbury neighborhood. Built in 1875 by renowned architect Caleb Walworth and known for its combination Ruskinian Gothic architecture with turn-of-the-century technology, the unique asset will be undergoing a full restoration by new ownership, Alexandra Partners, LLC, seeking to return it to its former boutique, upscale hotel status. 

Colliers represented the Church of Scientology who had purchased the abandoned 30,000+ square-foot structure and adjacent 2,858-square-foot lot in 2010, and after years of planning and design decided that a redevelopment would not properly accommodate its needs. The Church has since acquired a 100,000-square-foot property comprising 214, 218 and 226 Lincoln Street in Allston along the Massachusetts Turnpike (I-90) where it plans to have a grand opening for the new Boston and New England Church of Scientology headquarters projected for 2020. According to information publicly accessible on the Boston Planning and Development Agency’s website, Alexandra Partners’ $11 million purchase of the former Alexandra is the first step toward a planned full façade restoration to be followed by the construction of a new, approximately 150-room, 13-story boutique hotel with ground floor restaurant and café space, and a rooftop level bar/restaurant.

“Both parties are very pleased with the outcome and excited to move forward with their individual projects,” noted Colliers International Senior Vice President Christopher Sower. “Alexandra Partners has actively spent the last two years or so making its plans and designs known to the city and the community at large, so it will be exciting to watch that vision come to life in the months and years ahead.”

In addition to Sower, supporting transaction representatives from Colliers International’s Capital Markets group included Vice President Bruce Lusa, Assistant Vice President Jonathan Bryant, and Associate John Flaherty

The Church’s legal counsel for the sale of the Alexandra and the redevelopment of the Church’s Lincoln Street property was David Suny and Michael McCormack of McCormack Suny LLC, Boston, Massachusetts.


colliers international sells the former alexandra hotel

 

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About Colliers International Group

Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIGI) is an industry-leading global real estate services company with a global brand operating in 69 countries and a workforce of more than 12,000 skilled professionals serving clients in the world’s most important markets. Colliers is the fastest-growing publicly listed global real estate services company, with 2017 corporate revenues of $2.3 billion ($2.7 billion including affiliates). With an enterprising culture and significant employee ownership and control, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.

Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that help clients accelerate their success. Colliers has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals’ Global Outsourcing for 13 consecutive years, more than any other real estate services firm. Colliers has also been ranked the number one property manager in the world by Commercial Property Executive for two years in a row.

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For further information, please contact:
Jen Weber
InkHouse for Colliers
Phone: 781.966.4130
Email: colliers@inkhouse.com