The new owners of the former Loews Boston hotel will spend $20 million on updates and renovations of the 225-room property following a $117 million acquisition.



https://bankerandtradesman.com/new-owners-plan-20m-upgrade-at-back-bay-hotel/

BOSTON – Electra America Hospitality Group announced that it has acquired the 225-room Loews Boston Hotel, an upper upscale hotel in the heart of the Back Bay neighborhood of Boston.

https://bostonrealestatetimes.com/electra-acquires-225-room-back-bay-hotel-marking-akas-debut-in-boston/

The opportunistic vehicle is in the process of raising $500 million in capital from investors for the acquisition of independent hotels in major gateway markets.

https://www.globest.com/2021/02/26/electra-america-aka-team-up-for-distress-hotel-fund/

Electra America Hospitality Group (EAHG), a joint venture between Electra America and AKA targeting the acquisition and repositioning of underperforming hotels in gateway markets, has purchased a 178-key hotel in Old Town Alexandria, Virginia — a hotel that was once a part of the Old Colony Inn — for an undisclosed amount.

https://www.mannpublications.com/mannreport/2021/07/19/electra-america-hospitality-acquires-hotels-in-nyc-metro-washington-d-c/

Electra America Hospitality Group, a joint venture between Lake Park-based Electra America and AKA, a division of Pennsylvania-based Korman Communities, purchased the Conrad Miami hotel in the city's Brickell Financial District.

https://www.bizjournals.com/southflorida/news/2021/10/27/electra-america-acquires-conrad-miami.html

Electra America Hospitality Group has already deployed $100 million of capital in 2021 for the acquisition of seed assets, including a 194-room Hotel AKA Nomad in Manhattan.

https://www.hotelmanagement.net/financing/electra-america-hospitality-fund-raises-over-500-million

Electra America Hospitality Group (EAHG), a joint venture between Electra America and AKA, has acquired a brand-new property in downtown West Palm Beach that will be transformed into an upscale hotel residence catering to the city’s rapidly growing corporate and leisure travel community.

https://irei.com/news/eahg-purchases-brand-new-west-palm-beach-property-transform-luxury-hotel-residence/