No longer will there be a Howard Johnson Hotel behind Americas Most Beloved Ballpark, Fenway Park. Just recently, news was released that detailed the transitioning from The Howard Johnson Hotel to The Verb Hotel, which will occur this summer.
What initially began as the Fenway Motor Hotel at 1271 Boylston Street way back in 1959, this spectacular location has been an iconic hotel fixture in The Fenway neighborhood for decades. The 94-room hotel will be completely redone to the highest quality and promises to, according to the developers Samuels & Associates, ...meld the best of Bostons past, with the vibrant, spirited culture of the modern-day Fenway neighborhood.
These developers behind the project already have committed over $1 Billion in investments around The Fenway neighborhoods for various residential, commercial, and retail spaces that will help further improve the area.
The property was purchased by Samuels & Associates back in December of 2013 for a sales price that has yet to be released. However, the Boston-based developers did take out a $25.4 Million mortgage from Brookline Savings Bank according to the Suffolk Registry of Deeds in order to complete the deal.
Overall, renovation costs will be upwards of $3 Million to bring the new 43,000 square foot Verb Hotel to the premier standard intended. This property represents the first hotel property for Samuels & Associates, and because of this, the firm has partnered up with Weiner Ventures and Spot-On Ventures (developers of the Mandarin Oriental Boston).
Steve Samuels, the Principal of Samuels & Associates, released in a statement that, We saw a real opportunity to create something unique in this space, while respecting the independent spirit of the local community, building on the arts culture in Fenway and delivering real hospitality in a world that moves too fast.
Crescent Hotels & Resorts have been selected to manage The Verb Hotel due to its forward-thinking design and fresh brand concept. Once completed, the interior stairway walls and public spaces of the hotel will feature pop-culture memorabilia from Bostons history. Some of this will come in the form of Boston Phoenix covers and photographs of musicians who performed locally or appeared on WFNX used as artwork, and upbeat music that will be pleasantly played throughout. Upon the grand opening of this new hotel in the not too distant future, the excitement around Fenway Park and this neighborhoods overall progression will only continue to build. Real estate in The Fenway is clearly on the up.
More Information: Boston Business Journal