WCAC

by Chris Wangler

April 26, 2022

That was quick. After opening in November 2018, the Residence Inn and Fairfield Inn & Suites at 250 Second Avenue has been sold.

Denver-based Mission Hill Hospitality announced that it acquired the 192-room business from New Hampshire–based Colwen Hotels. The terms were not disclosed.

 

The dual-branded Marriott concept features an elegant lobby and bar, an indoor pool and other amenities.

The Residence Inn is a “limited service” hotel, intended for short stays, while the Fairfield Inn is extended stay, with full kitchens.

A third company, Island Hospitality, will operate the Residence Inn/Fairfield Inn & Suites Boston Waltham on behalf of Mission Hill.

 

When the dual-branded hotel opened, the city was in the midst of a hotel boom. Waltham was the third biggest hotel market in the state with more than 2,000 rooms.

But COVID has exacted a bitter toll on the industry, with business travel scaled back drastically and chronic staffing shortages.

Photos: Residence Inn/Fairfield Inn & Suites Boston Waltham