Residence Inn Burlington
Back to Experience

Residence Inn Burlington

Burlington, MA

Hospitality - Hotel

Due Diligence and Development Oversight

Role

RPL provided equity investment diligence support and development oversight services on behalf of an institutional equity partner.

Unique Approach

  • Complicated zoning and entitlements.
  • Challenging team structure.

Outcomes

  • Project completed for use

Scope of Work

Development of a new 6-story building as a Marriot Residence Inn with 170 guest rooms, grade level ground floor lobby and pool/fitness, and 7,600 SF restaurant tenant space.

Project Summary

  • Client: One of the largest institutional private equity investment firms
  • Location: Burlington, MA
  • Size: 170 units, 6 floors, 132,000 SF
  • Timeline: 2015 to 2017
  • Services: Due Diligence and Development Oversight
  • Cost: $41 million
  • Architect: Group One Partners
  • Contractor: Callahan