The Staypineapple Resort in Boston is now up on the market, providing a novel funding alternative in a quickly recovering market.
The Staypineapple Resort Boston, situated within the bustling Again Bay/South Finish space, has been listed on the market by CBRE Accommodations. This boutique resort presents a big funding alternative in one of many United States’ most resilient resort markets. The property is being supplied as a fee-simple curiosity, unencumbered by present administration or model affiliations, offering potential patrons with the flexibleness to implement their very own enterprise methods.
Location and Options
The Staypineapple Resort is an eight-story, 56-key resort located on the intersection of Berkeley and Chandler Streets in Boston’s vibrant South Finish. Its proximity to main transportation hubs just like the Again Bay Station and Arlington T station makes it simply accessible. The resort can be inside strolling distance of widespread locations resembling Copley Sq. and the Charles River, enhancing its enchantment to each leisure and enterprise vacationers.
Funding Highlights
Sturdy Market Restoration
Boston’s resort market has proven outstanding resilience, rating because the third-fastest recovering lodging market within the U.S. from 2021 to 2024, in line with CBRE Accommodations Analysis. The market has skilled vital RevPAR development, with a 17.0% improve over 2019 and a ten.2% rise over 2022 figures. This development is pushed by Boston’s various demand base, together with company, academic, healthcare, and leisure sectors.
Declining Room Provide
Regardless of new luxurious resort additions, Boston’s resort room provide has declined attributable to excessive land and development prices and conversions of resort areas into scholar housing. This pattern is anticipated to proceed, with minimal provide development projected by 2027, making present properties like Staypineapple extra precious.
Accessibility and Facilities
Prime Transportation Hyperlinks
The resort’s location presents wonderful transportation choices, being simply blocks away from main transit strains and highways. This accessibility is a big benefit for attracting a variety of friends.
Vibrant Restaurant Scene
The resort options the Trophy Room, a 3,500 square-foot restaurant with fascinating avenue frontage. The South Finish is famend for its eating choices, and new possession can select to function the restaurant or lease it to a third-party operator.
Market Place and Alternatives
Unencumbered by Administration
The Staypineapple Resort shall be bought with out present administration or model ties, permitting new house owners to discover numerous enterprise fashions. Aligning with a acknowledged model may improve visibility and buyer entry by established reservation techniques.
Surrounding Facilities
The resort’s location within the Again Bay/South Finish neighborhood presents an unmatched amenity base, with quite a few procuring, eating, and leisure choices. The realm can be residence to a various vary of employers, together with regulation corporations, monetary companies, and rising know-how firms, contributing to a gentle demand for hospitality companies.
Inquire at CBRE.