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Melnea Hotel web pic

Melnea Hotel web pic
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Melnea Hotel (Mariott Residence Inn)
Boston, MA
The Melnea Hotel, a six-story Residence Inn by Marriott, transformed a long-vacant parcel in Roxbury’s Dudley Square into a vibrant mixed-use development. The LEED Silver-certified project includes 135 hotel rooms, 50 mixed-income residential units, and 4,000 square feet of retail space. With features like solar panels, a rooftop deck, and landscaped public areas, it serves as a welcoming urban gateway. New Markets Tax Credit equity helped close financing gaps and bring this catalytic project to life.
TDC
$39.8MM
NMTC Allocation
$30.45MM
Debt
-
Financial Closing
December 2016
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