NEW YORK (STL.News) – Today, Cain International and Madison Realty Capital (MRC) announced financing to develop the Raffles Boston Back Bay Hotel & Residences at 40 Trinity Place in Boston’s Back Bay. Cain International, which will provide the majority of the equity to develop this marquee property, has entered into a joint venture with Trinity Stuart LLC, a partnership between two Boston entities: hoteliers Gary and Jeffrey Saunders of Saunders Hotel Group and developer Jordan Warshaw of The Noannet Group.

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