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Value Place Acquires 22 Properties for $115 Million

Value Place Acquires 22 Properties for $115 Million

WICHITA, Kan.—Value Place announced that it has acquired 22 operating properties owned by its largest franchisee, a partnership comprised of Angelo, Gordon & Co. and other prominent real estate investors. The $115 million purchase price includes the assumption of existing ...

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Hersha Hospitality Trust to Sell Portfolio of 16 Hotels

Hersha Hospitality Trust to Sell Portfolio of 16 Hotels

PHILADELPHIA—Hersha Hospitality Trust, owner of upscale hotels in urban gateway markets, 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 ...

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Urban Commons Purchases Two Hotels in San Mateo, Calif.

Urban Commons Purchases Two Hotels in San Mateo, Calif.

LOS ANGELES—Urban Commons announced the purchase of the 110-room Comfort Inn and the 110-room Holiday Inn in San Mateo, Calif. The hotels are located in the high-tech enclave of Silicon Valley which surrounds the San Francisco Bay Area. Urban Commons ...

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