The Massachusetts Eye and Ear Infirmary (MEEI) has sold the John Jeffries House to a Boston real-estate investment and development firm for $25 million, according to published reports.
The 46-room hotel at 170 Charles St. will continue to be operated by the new owner, Related Beal Cos., which also purchased the adjacent garage at 144 Charles St. last July for $40 million.
“We continue to operate the garage and are currently evaluating future possibilities for this site to best realize its potential in the neighborhood. Beacon Hill’s character attracted us to this ideal location and we are committed to preserving its charm and engaging the community in that process,” Stephen Faber, an executive vice president at Related Beal, said in a statement.
John Fernandez, president and CEO of MEEI, added, “Our hospital will remain a good neighbor, now with a sole focus on our core mission which is: finding cures, caring for patients and training medical leaders.”