Investment appeal of Boston's luxury renaissance
Boston has experienced a remarkable transformation since the start of the 21st century.
Boston has evolved from an aging industrial center into a world-renowned city focused on education, healthcare, and technology. This shift has attracted new wealth, businesses, and high-end tourists seeking a combination of historic charm and upscale experiences, solidifying its status as a luxury destination.
The city's transformation is evident in its luxury hotel scene, with Boston gaining recognition in 2019 for having two Four Seasons hotels within a mile and preparing to open the first Raffles hotel in North America in mid-2023. This expansion of renowned luxury brands is expected to further enhance Boston's reputation as a top luxury hospitality destination, with its luxury hotels consistently commanding a 10.2% premium in average daily rates (ADR) compared to the broader U.S. luxury market since 2000.
The sector’s outperformance signifies its ripeness for investment with plenty of opportunity available over the long-term as the city continues to evolve.
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