Boylston Properties Opens Marriott Residence Inn In Watertown

9/20/16

Ribbon-cutting on Arsenal Street, First New Hotel in City in Five Decades

WHAT: A ribbon-cutting marking Boylston Properties’ celebratory opening of the 150-suite Residence Inn by Marriott Boston Watertown, the first new hotel in the Town of Watertown in more than 50 years.

WHEN: 11:30 a.m. on Tuesday, Sept. 20, 2016.

WHERE: 570 Arsenal St., Watertown, MA, 02471, at the just-completed and newly opened Marriott Residence Inn Boston Watertown. It is the location of the former Charles River Saab, the oldest Saab dealership in the United States. The new hotel is conveniently across from The Arsenal Project, and adjacent to and across Elm Street from the Watertown Mall.

WHO: Mark Sideris, President of the Watertown Town Council, and public officials of Watertown; Boylston Properties, developer of the Marriott Residence Inn Boston Watertown, including Principal William McQuillan; Stonebridge Companies, which co-owns and will manage the property; PROCON, the general contractor for the project; and Marriott International; friends and neighbors.

BACKGROUND

The Marriott Residence Inn Boston Watertown is a new, extended-stay hotel in a developing area, the East End of Watertown, that has 150 suites on six floors, spacious areas for guests and visitors on the ground floor, a large meeting room and a total of 845 square feet of meeting space, a pool, fitness center, and complimentary on-site parking.

The hotel features a dining room for daily breakfast and evening socials, a guest marketplace, guest laundry facilities, a business center, and a lounge with seating for hotel guests and visitors.

The Marriott Residence Inn Boston Watertown is owned by Boylston Properties in a joint venture with Stonebridge Companies of Colorado, which will operate the hotel. The hotel is opening about a month ahead of schedule.

The building was built and is applying to be LEED-certified, designed and constructed to a high level of sustainability, with energy-saving measures in HVAC, lighting and groundwater systems, in addition to employing sustainable construction and management practices.

The new hotel is part of a continuing story of improvement in the neighborhood. Boylston Properties acquired several properties in Watertown, including the Arsenal Mall (now known as The Arsenal Project) and the Harvard Vanguard Medical Associates building, from Simon Property Group, Inc., as well as 490 Arsenal Way, a 185,000-square-foot innovative office/lab building currently under construction as LINX. (For more, please see www.linxwatertown.com .)

With a smoke-free policy, the Marriott Residence Inn Boston Watertown will have complimentary wired and wireless internet access; pullout sofas; on-site laundry; valet dry-cleaning; grocery shopping service available; airport shuttle; and toll-free phone calls and voicemail. Hotel policy allows pets.

Accessible guest rooms have 32-inch-wide door openings. Kitchens in each suite have dishwashers, microwave ovens, toasters, cooking and dishware, refrigerators with ice maker, stoves, tables and chairs.

The architect was Stantec. Rooms and other interior spaces were designed by Group One Partners of Boston. Engineering and Landscape Design was done by Vanasse Hangen Brustlin, Inc., which is located in Watertown. PROCON of Manchester, NH, was the general contractor.

ABOUT MARRIOTT RESIDENCE INN

There are more than 700 Marriott Residence Inn locations around the world. Marriott Residence Inn is one of 18 brands of Marriott International, Inc., a global leading lodging company with more than 4,200 properties in 79 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2015. Founded by J. Willard and Alice Marriott and guided by Marriott family leadership for nearly 90 years, the company is headquartered in Bethesda, MD. For more information, please go to www.marriott.com.

ABOUT STONEBRIDGE COMPANIES

Founded in 1991 by Navin C. Dimond, Stonebridge Companies is a privately owned, innovative hotel owner, operator and developer headquartered near Denver, CO. Its diverse listing of properties includes select-service, extended-stay, mid-scale and full-service hotels in markets throughout the United States. For more information, please go towww.sbcos.com.

ABOUT BOYLSTON PROPERTIES

Boylston Properties is a 34-year-old Boston-based developer of urban mixed-use projects including retail, residential, hotel, office, and research buildings. The company draws upon urban and suburban development experience on its own or with partners in the Northeast U.S. markets, many in the Greater Boston area. For more information, please go towww.boylstonproperties.com.