No Room for Discounts as Hotels Recover
Shuttered hotels and skeleton-crew staffs are fading into distant memory as the Boston lodging market approaches a full financial recovery from the depths of their pandemic plunge.
Shuttered hotels and skeleton-crew staffs are fading into distant memory as the Boston lodging market approaches a full financial recovery from the depths of their pandemic plunge.
For four generations, Saunders Hotel Group has owned and operated properties that are on the short list of travelers visiting Boston. It gives Chairman Gary Saunders a useful position to gauge the future of Back Bay hotel market.
Back Bay’s latest luxury tower began construction – or, rather, demolition – yesterday, with a ceremony at 40 Trinity Place in Boston, the current site of the former Boston Common Hotel and Conference Center.
The $400 million, 33-story Raffles Boston Back Bay Hotel & Residences, set to begin construction this summer, soared upward in size and market niche during seven years of permitting and predevelopment. This is the saga of its tricky path to groundbreaking.