You guys need to get out and travel more often.
Raffles is owned by Accor, which owns the Fairmont Brand as well as hotels more popular in Europe, such as Sofitel, Ibis, Novotel and Mercure.
Investors may be concerned that this hotel will be a block from the Fairmont, the other Accor luxury hotel in Boston.
Raffles is big in Asia, but has a limited presence in Europe and none in the US. I think Asian business and wealthy leisure travelers would definitely select Raffles and with the tight hotel market in Boston, I am sure many others would follow suit.
Select "Our Brands" to get an idea of Accor's portfolio.
https://www.accorhotels.com/gb/usa/index.shtml