Convention center seeking hotel developers

The Massachusetts Convention Center Authority said today it has issued a request-for-proposals seeking development teams for two privately financed mid-priced hotels, totaling between 400 and 500 rooms on nearly three of the 5.6 acres of land the organization recently purchased near the Boston Convention & Exhibition Center.

Proposals are due Jan. 7, 2013, with groundbreaking for the new hotels scheduled to take place by late 2013 and completion by 2015, said MCCA Executive Director James E. Rooney.

"We have set the bar very high, but we also think we're providing a great opportunity," he said.

The MCCA expects the two hotels to be built next to each other, and to benefit from sharing certain facilities, including fitness rooms, kitchens and service areas. The MCCA is also requiring that the hotels include leasable ground floor retail or restaurant space in a move aimed at activating the entire D Street corridor in the South Boston Waterfront.

The hotels are geared to be mid‐priced, with room rates and amenities below the existing four-star hotels in the area, Rooney said.

Under the RFP, the MCCA plans to build and own a parking facility, to be used by hotel guests and the MCCA, and to establish a ground lease structure for the hotels. Developers will be responsible for designing the structures and 100 percent financing, building, owning and operating the hotels.

The project is expected to create 370 construction jobs and 175 permanent jobs, Rooney said.

"Between the revenues realized by the MCCA and the substantial tax revenues generated for the city and state, this land acquisition will have a high and fast payback; a win for the taxpayers," he said.

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