Related Beal

Money Moves

Original developer of the Congress Square project

A New York City investor paid $58.4 million for Boston's 163-room Hyatt Centric Faneuil Hall, the latest in a string of hotel purchases that has built EOS Investors into a 40-plus property portfolio. The hotel last changed hands in 2016, when Magna Hospitality bought it from Related Beal for $16.5 million — roughly a third of what EOS just paid.

Updated Oct 30

Money Moves

New owner of the Motor Mart garage

Boston's Motor Mart garage, once billed as the world's largest parking structure, has a new owner at a sharply reduced price: Related Beal and Freeport Equity bought the 1,037-stall garage at 201 Stuart St. The Boston Globe, citing an anonymous source, reported the price at about $89 million, a little more than half the $162.5 million CIM Group paid in 2016.

Updated Oct 16