Staying Informed

Hersha Hospitality Trust to Sell Portfolio of 16 Non-Core Hotels for $217 Million

Hersha Hospitality Trust , owner of upscale hotels in urban gateway markets, today announced the Company has entered into a definitive agreement to sell 16 hotels to an affiliate of Blackstone Real Estate Advisors for gross proceeds of $217 million, or approximately $125,000 per key.

 

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