Boston University Sells Hotel Commonwealth to Sage Hospitality

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SOLD: Large Back Bay residence, 149 RMS, BALLPARK VU. European-style with luxury appointments in sizzling neighborhood. Kitchen with award-winning food service. Convenient access to public transportation, snazzy retail shops (some in-house) and restaurants (ditto).

BU sold the four-star Hotel Commonwealth this week to a partnership of the Denver-based Sage Hospitality and the investment firm Fundamental Advisors LP for $79 million in a deal that includes the leases for hotel tenants, notably its restaurants, and the parking lot.

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