New York-based Dune Real Estate Partners sold the 121-room Freepoint Hotel Cambridge, Tapestry Collection by Hilton located in Cambridge, Mass. The hotel was acquired by Jignesh Patel and Robins Patel of Massachusetts-based JNR Management Inc.
Berkadia Managing Director Denny Meikleham and Associate Director John Kluh of Berkadia Hotels & Hospitality led the transaction on behalf of the seller.
The hotel benefits from its accessible location near MBTA’s Alewife Station and proximate to two of the world's top universities, Harvard University and MIT. Furthermore, the hotel is surrounded by more than 4.5 million square feet of existing office and lab space with numerous transformational area developments underway anticipated to spur demand growth for the foreseeable future.