Financing set for big Four Seasons in Boston

HFF has secured US$680 million in construction financing and joint venture equity to develop a 61-story, 211-room Four Seasons hotel and private residences in Boston’s Back Bay neighborhood, according to multiple sources.

A US$500 million construction loan through The Children’s Investment Fund Management LLP, a London-based hedge fund management firm, and US$180 million in joint venture equity, sealed the deal for HFF.

The project, planned for a 2018 opening, broke ground last month and is supposed to become the largest tower built in Boston in 40 years. The Four Seasons will sit on the first 23 floors and 180 residences will fill out floors 25 to 61.