Sheraton Boston owners aim to convert part of hotel into dorm space for Northeastern
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“Massachusetts’ largest hotel could soon be partially transformed into a dorm for Massachusetts’ largest university.
One of
the new owners of Sheraton Boston Hotel in Back Bay, an entity managed by bicoastal investment firm Hawkins Way Capital, has proposed converting one of the property’s two towers from a 428-room hotel into a dormitory that could house 854 students. Northeastern University is the dorm’s “initial tenant,” wrote Joshua Bird, general counsel of Hawkins Way,
in a letter this month to the Boston Planning and Development Agency. Hawkins Way has offices in New York and Los Angeles, and bought the Sheraton last February in partnership with Värde Partners, another investment firm.
The second Sheraton tower, which rises 29 stories with 792 hotel rooms, “will remain a hotel and is not part of this proposal,” Bird’s letter states.
Housing students in hotels was common practice during the height of the COVID-19 pandemic, when local universities including Northeastern, Boston College, Emerson College, Fisher College, and Suffolk University worked out agreements with local hotels — including the Sheraton, which housed Northeastern students — to spread out dense student populations. And converting hotels into dorms has happened in Boston before: Suffolk University
converted the former Ames Hotel just outside City Hall into a dormitory just a few years ago. That $63.5 million deal was likely far less expensive than new construction, particularly in such a prime downtown location.”
https://www.bostonglobe.com/2023/04...vert-part-hotel-into-dorm-space-northeastern/