J
LL Capital Markets has completed the sale of the Hilton Garden Inn Devens and SpringHill Suites Devens in Massachusetts. The firm represented RA Ventures, the seller, and secured acquisition financing for the new owner through BankProv and Avidia Bank.

    The hotels, located 35 miles northwest of Boston, benefit from their proximity to corporate demand drivers in the growing Devens innovation cluster. The Hilton Garden Inn features 118 rooms, an indoor pool, fitness center, and meeting space, while the SpringHill Suites offers 120 suites with complimentary breakfast and a business center.

    Both properties are situated off Route 2 at Exit 37B, providing easy access to major economic centers in the region. The area surrounding the hotels offers numerous amenities, including walking paths, bike lanes, golf courses, and water activities on Mirror Lake.

    JLL's Capital Markets Investment Sales and Advisory team was led by Alan Suzuki, Matthew Enright, and Emily Zhang. Amy Lousararian and Hugh Doherty spearheaded JLL's Debt Advisory team. "These assets attracted strong investor interest due to their prime location and high quality," said Suzuki. "The buyer recognized the opportunity to capitalize on Devens' growth in a market with limited supply."