Hersha Hospitality Trust
Hersha Hospitality Refinances $300M Term Loan
The REIT took advantage of the interest rate environment to fix or hedge most of its outstanding debt in recent months, including refinancing two Manhattan hotels.
Hospitality Sector Sees Sustainability as Key to Success
According to a new report by the Urban Land Institute, introducing green programs and features at hotels not only adds value to properties, it provides a competitive edge.
Atlanta Airport Hotel Changes Hands
Alex Brown Realty sold the DoubleTree by Hilton property to a joint venture led by Hersha Hospitality Management for more than $23 million.
MD Hotel Commands $42M
Hersha Hospitality Trust acquired the 150-room Annapolis Waterfront Hotel, which features 15,000 square feet of function space and an 8,500-square-foot patio.
Hersha Sells Manhattan Hotel for $32M
The firm traded the 81-key Hampton Inn Financial District as part of its capital recycling program. Solid Rock Advisors advised Hersha on the sale.
Hersha Sells 2 Suburban Hotels in MD, NY
The hotels are located on the outskirts of New York City and Washington, D.C. Hyatt House in Gaithersburg, Md. and Holiday Inn Express in Chester, N.Y. traded for a total of $27.4 million.
Hersha Sells 3 Hotels, Acquires Westin Philadelphia
The company disposed of a portfolio consisting of three Hyatt House hotels, located in California and Arizona. The 294-key Westin Philadelphia is part of the Liberty Place mixed-use complex that also features office, retail and residential.
Hersha Acquires Seattle Hotel for $79M
The Pan Pacific is part of the 2200 Westlake mixed-use project developed by Vulcan Inc. in 2006.
Hersha Closes Purchase of Ambrose Hotel for $48M
The Ambrose is located within the area’s 7.9 million-square-foot Class A office market and features a two-story, 82-space parking garage, an executive meeting room and a fitness center.