Hunter Advisors has been exclusively engaged to solicit offers for the acquisition of the SpringHill Suites Boston Peabody (the “Hotel” or “Property”), a 164-key, institutional-quality, all-suite hotel located in Peabody, Massachusetts, along U.S. Route 1 with direct access to Interstate 95. The Hotel is being offered turnkey following approximately $6.0 million in capital improvements completed between 2019 and January 2026, positioning a new owner to capitalize on continued ramp-up and post-renovation upside.
- Highly accessible North Shore location within the Greater Boston metropolitan area, supported by a diverse mix of corporate, medical, retail, and leisure demand generator
- Major nearby employers include Thermo Fisher Scientific, Fresenius Medical Care, Cardinal Health, and Boston Children’s Peabody
- Proximate to dominant retail and lifestyle destinations such as Northshore Mall and MarketStreet Lynnfield, as well as the nationally recognized leisure destination of Salem
- Meaningful RevPAR and NOI upside following the recent renovation and periods of non-recurring disruptions
- Offered below estimated replacement cost in a market with limited new supply
- Limited near-term capex requirements following $6.0M in capital investments from 2019 through early 2026
- Offered unencumbered of management
- Currently institutionally owned and managed, presenting a new owner with the opportunity to implement a reinvigorated, hands-on management approach
