Hotel Commonwealth Announces Plans for Expansion
Increases Number of Hotel Rooms and Adds Luxurious Event Space
Represents Vision of Dedicated, Proven Sponsors
BOSTON, Oct. 10, 2013 /PRNewswire/ -- Hotel Commonwealth, an award-winning, independent boutique hotel located in Boston's Back Bay, today announced plans to add 94 hotel rooms and more than 14,000 square feet of elegant indoor/outdoor event space to complement the property's existing 149 hotel rooms and 30,000 square feet of restaurant and retail space. The expansion reflects the innovative vision and commitment to excellence of Hotel Commonwealth's sponsors, Fundamental Advisors and Sage Hospitality. The new facility is expected to open mid-2015 and further enhances the hotel's polished ambiance of urban luxury.
"This project represents an exciting development for both hotel guests and the vibrant surrounding community," said Laurence Gottlieb, Chief Executive Officer of Fundamental Advisors, investment partner of Hotel Commonwealth. "The expansion will build upon Hotel Commonwealth's reputation of refined sophistication and unsurpassed service, while maintaining the hotel's strong connection to the rich culture of Boston. As a graduate of Boston University, I feel a deep tie to this community and am committed to working with local community leaders to enhance Hotel Commonwealth's distinct role in Kenmore Square."
In addition to the 94 new hotel rooms, the expansion features three floors of valet parking, a grand ballroom, an outdoor terrace overlooking Fenway Park's 'Green Monster' , five meeting rooms, a boardroom and a private event entry and pre-function space. The build out will take place on the open air parking site at the rear of the existing hotel, facing Fenway Park and the Massachusetts Turnpike and does not add to the height of the current hotel. Hotel Commonwealth's operations will continue as usual during the expansion. Construction will be co-managed by Columbia Construction and Mortenson Development with Group One Partners as architect on the project.
"This expansion is an extension of the understated elegance and classic style our guests have come to expect," said Walter Isenberg, President and CEO of Sage Hospitality, investment partner of the hotel. "With a prime location in Boston's beloved Kenmore Square, Hotel Commonwealth will soon be able to provide additional comfortable and spacious rooms as well as a world-class event space to better fit the demands of the city's booming travel and tourism industry."
About The Hotel Commonwealth
As the elegant cornerstone of Boston's historic Kenmore Square, Hotel Commonwealth is an independent, luxury boutique hotel featuring 149 guest rooms. With custom-designed furniture, the property's guest rooms echo a classic European style of gracious hospitality and understated elegance. In the spring of 2010, the hotel opened its first specialty suite, the Luxury Baseball Suite, a nostalgic look back at America's favorite pastime. Since opening its doors in 2003, the property has garnered multiple prestigious accolades, including Travel + Leisure's World's Best Awards list of Top Large City Hotels (2010-2012) and U.S. News and World Report's Best Hotels in the USA (2011). Hotel Commonwealth is currently ranked the #1 Hotel in Boston and the #6 Hotel in the USA on Tripadvisor.com. www.hotelcommonwealth.com.
About Fundamental Advisors
Fundamental Advisors was formed in July 2007 to invest in special situations related to the municipal bond market, seeking to enhance assets in such sectors as hospitality, senior care, affordable housing, student housing and infrastructure. For more information, please visit www.fundamentaladvisorslp.com.
About Sage Hospitality
Founded in 1984, Sage Hospitality has strategically grown into one of the largest privately held hotel management, investment and development companies in the nation operating a variety of large, full-service hotels and extended stay and select-service properties. Sage Hospitality's comprehensive management portfolio includes major international brands for Marriott, Starwood, Hilton and IHG as well as the independent boutique hotels. Sage Hospitality has further differentiated with the creation of the Sage Restaurant Group, which has created and is managing over nine unique restaurant concepts including the acclaimed Mercat a la Planxa restaurant in Chicago. For more information, please visit www.sagehospitality.com.
SOURCE Hotel Commonwealth