LeFrak, a family-owned property company based in New York, purchased the Courtyard by Marriott Boston Cambridge for $50 million from Highgate Hotels. The 15-story hospitality property, located at 777 Memorial Dr in Cambridge, Massachusetts, traded at approximately $231,481 per key.
LeFrak acquires Cambridge Marriott hotel
Boston-area Courtyard by Marriott trades for for $50 million, well below previous sale in 2017
By Richard Kapel with
January 8, 2026 | 4:45 P.M.
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IN THIS ARTICLE
- Properties
- Courtyard by Marriott Boston Cambridge
777 Memorial Dr, Cambridge, MA
- Companies
- LeFrak
Real Estate
- Highgate Hotels L.P.
Accommodation and Food Services