A 120-suite hotel redeveloped in 2013 out of a century-old sugar and molasses warehouse in Boston’s Fort Point area has changed hands.

Claremont Cos., of Bridgewater, Massachusetts, finalized a deal with fellow New England firm Norwich Partners to acquire the Residence Inn Boston Downtown Seaport for $64 million, or approximately $533,000 per unit. Claremont reportedly paid an additional $13 million for the ongoing hotel operations, bringing the…

Article From: "Key Realty Commercial Real Estate News"   Read full article