Boston Real Estate Search
The Beacon Hill Times Reported this week that the city launched a pilot program Monday, July 13, to ease restrictions on off-campus housing for colleges and universities, and to help the hotel industry during the pandemic, which has prompted Northeastern University to pursue leasing all of the Midtown Hotel and entire floors of the Westin Copley Place to provide additional student beds.
Hotels are eager to accommodate most of the off-campus student beds, which would give the hotel industry a much-needed boost since it has seen occupancy dwindle in the city from 90 percent a year ago to just 5 percent now. The move would also create around 100 jobs and generate an estimated $12.5 million in additional income for the city’s hotels.
Boston Real and the Bottom Line
This may help the Boston hotel industry, but in no way does it help the Beacon Hill apartment landlords that are trying to rent the over 260 vacant apartments that are for rent this September,
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Boston Real Estate Search
