Where To Look For Effortless Hotels Strategies

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Under the plan, the owners of the Hotel Buckminster would build a 19-story, 388-room hotel on the site of a parking garage and a smaller building they own at 655 Beacon St., while Wellesley-based Mark Development would put a 24-story, 375-room hotel across the street, where a Citizens Bank now stands. The developers hope to capture strong demand for hotel rooms in the neighborhood — which is close to Boston University, Fenway Park, Back Bay, and the Longwood Medical Area — and would aim to improve street life at a busy intersection, according to a letter to the Boston Planning & Development Agency. An afternoon recap of the day’s most important business news, delivered weekdays. Thank you for signing up! Sign up for more newsletters here The two sites sit on key lots in Kenmore Square, parts of which have remained largely unchanged for decades. By building up on the Citizens Bank land, said Mark chief executive Robert Korff, the project has a chance to transform the way the neighborhood feels at street level. “Our building, because of its location, has tremendous importance in terms of what can be done in the public realm for Kenmore Square,” Korff said. “It’s really a linchpin.” Mark acquired the parcel nearly two years ago when it bought a portfolio of Citizens Bank locations. As it began planning a larger development there, Mark spoke with the Hotel Buckminster owners, who devised expansion plans of their own.

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