Boston Developer Putting Finishing Touches On His 'Airbnb Killer' Hotel
A Boston developer wants to showcase the city's innovative spirit and fight the onslaught of short-term rentals in his upcoming South End hotel.
"This is like an Airbnb killer," Mount Vernon Co. founder and Chairman Bruce Percelay said. "You get your Airbnb pricing, but also a social experience." Boston's hospitality industry notoriously has Airbnb in its crosshairs, and Percelay thinks his upcoming Revolution Hotel will take back some market share. Formerly a hostel, the Revolution, at 40 Berkeley St. in the South End, will feature 164 rooms targeted at younger travelers. The hotel rooms are on the smaller side, but the developer said that is why he is going to be able to make his hotel one of Boston's most affordable. The Boston and Cambridge 2017 average daily rate for hotels was $258, according to Pinnacle Advisory Group. Rooms at the Revolution will average around $150 per night, and Percelay said guests should not expect accommodations akin to the property's hostel past, although some will have shared bathrooms. "It's not like you're slumming it," he said. "It's very cool."
Mount Vernon bought the building in 2014 for $17.2M and plans to open the hotel in December. Percelay was previously in advertising and has used his creative side in designing the property with a nod to Boston's knack for innovation. The hotel is decorated with more than 160 items that were invented in Boston, ranging from the newspaper to the Chuck Taylor sneaker. A column in the lobby will be outfitted with other Massachusetts firsts, like the telephone and a computer mouse. A basement lounge will include coworking space accessible only to members and hotel guests. The lounge's bar is made from wood of a 130-year-old tree that fell in Back Bay last year. It will now provide a history lesson for guests waiting for a cocktail. Percelay's team has branded into the rings of the trunk historic Boston events, ranging from Revere Beach becoming the country's first public beach in 1895 to Mark Zuckerberg launching Facebook from his Harvard dormitory in 2004.
