FRAMINGHAM – The new owners of the Sheraton Resort on Route 9, told the Metropolis of Framingham it wishes to “repurpose the constructing and deliver a a lot-essential company to community elders – offering somewhere around 120 models of assisted dwelling and memory treatment models.”
Monarch Communities in an interview for the Select Framingham newsletter nowadays, June 30, explained the “Sheraton Framingham is an outdated resort in size and operate and the new ownership group is proposing to provide in important investment decision to take it out of disrepair and return the house to financial vitality. XSS Hotels, a resort developer that is among the Boston metro’s most prolific and successful hospitality companies, will lessen the dimension of the resort by much more than one particular-third although updating it with a dynamic makeover with fashionable structure and amenities. Instead than demolish the extra space in the rear, XSS is partnering up with Monarch Communities to repurpose a part of the developing as an assisted residing residence. “
Last December, the hotel was auctioned off to People’s United Bank, which owned the initially mortgage on the 34,376-square-foot property, positioned off the Mass Pike on Route 9 in Framingham. The rate was $15 million.
A couple of weeks later on, XSS Hotels shut on the purchase of hotel & meeting heart. Founded in 1995, XSS Lodges is a vertically integrated hotel development firm.
“The 105,000 sq. foot, 120-device Monarch assisted dwelling home is proposed to have a south west going through courtyard and entrance plaza which is framed by the freshly renovated residential wing and Sheraton Resort. The exterior renovations will involve substitute of the current stucco and the growth of the very first flooring to give supplemental resident amenity area. The to start with-flooring pub and dining services will lengthen outside of the existing footprint toward the courtyard and give an activated exterior patio overlooking the primary entrance. The lobby options a monumental stairway to reduced-degree salon, health and fitness and wellness amenities. The backdrop for the staircase intends to be a focal component to the entrance and could host a vegetated environmentally friendly wall and other accents,” explained Monarch Communities Controlling Companion Michael Glynn to Opt for Framingham.
“Fully-renovated assisted dwelling studio, 1-bed room, and two-bedroom models will be located on floors 1 and 3 as a result of 5. Memory treatment units are provided at the 2nd floor with devoted facilities and a porch and activity house that overlooks the most important entry courtyard.
The entrance part of the developing that will stay a resort is acquiring an intensive exterior renovation as perfectly as upgrades to its foyer, guest floors, and functionality services. The 200-guest home, 185,000 sq. foot Sheraton will attribute 38,000 sq. toes of convention and pre-functionality area and a new perform terrace. A new Sheraton Club Lounge will be additional to the lobby. Exterior renovations will modernize the building, even though complimenting the iconic glimpse that has made the Framingham Sheraton a community landmark. New cementitious siding will replace the existing stucco and wood trim. Guest halls will get upgrades to the visitor home entry doorways and lights, while units will receive new finishes and a total lavatory renovation,” reported Glynn to Pick out Framingham.
“Framingham has a major unmet want for senior housing. Repurposing a part of the hotel will allow for Monarch to produce an choice for seniors at a excellent benefit,” explained Glynn.
He reported the up coming stage is if “City Council will have to have to decide if it needs to allow this venture to shift forward by enabling the assisted dwelling use in the zone. If all goes well, Monarch and XSS are prepared to system all permits speedily and start off the renovation by the finish of the calendar year.“