The Ames Boston Hotel, which is housed in what is generally regarded to be Boston's first skyscraper, has been acquired by Gencom of Coral Gables, Florida. Gencom, a real estate development and investment firm, closed on the deal on December 15, according to Suffolk County property records. The firm paid $53.25 million to acquire what is still among the largest masonry, load-bearing structures on the East Coast, and they have enlisted Gemstone Hotels and Resorts of Park City, Utah, to operate the hotel.
The property at 1 Court Street, which is adjacent to the Government Center, was previously owned by Normandy Real Estate Partners of Morristown, NJ, and Contrarian Capital Management of Greenwich, CT. It was originally designed by acclaimed Boston architectural firm Shepley, Rutan and Coolidge in the 1890s. At the time, the 14-story building was the tallest in the city and was the first to be considered a skyscraper.
In 2007, the building was sold to Ames Court Street LLC for $17.75 million. The following year, it was redeveloped into a luxury boutique hotel. It appears that the property will continue to operate as a hotel, but no official word has been given about a possible name change or other updates.
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