|November 1, 2018|
The Midtown Hotel, a small hotel located opposite the Christian Science Center in the Back Bay, is on the market. It was officially placed on the market this past summer.
Nearby two new luxury condos high-rise were recently put up. It's expected that whoever purchases the hotel property will tear it down and put up yet another a high rise.
Open in 1961 and cost $2.5 million to build
There are 157 guest rooms on 3 levels.
According to various sources the hotel has a 80% occupancy rate.
This year, the Midtown Hotel hosts 36 Northeastern students. Last Spring, was the first semester that Northeastern used the hotel for occupancy.
One of the Midtown bell captain, Kevin O'Leary has been there 35 years.
The First Church of Christ, Scientist currently owns the land on where MidTown resides. They are the same owners who sold the land where 1 Dalton Street is now being built.
Some estimates have the one-acre site going for as much as $80-million.
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