The hotel, at 161 Devonshire St., is one of four that served as collateral for a $273.7 million loan that was securitized through BX Mortgage Trust, 2017-CQHP. The portfolio also supports another $61.3 million of mezzanine debt. The properties have yet to rebound to their pre-Covid lockdown performance.
The post Blackstone Loses Club Quarters Boston Hotel in Foreclosure appeared first on Commercial Real Estate Direct.
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