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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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Avocet Hospitality Group Acquires Anchorage Inn

Avocet Hospitality Group Acquires Anchorage Inn

CHARLESTON, S.C.—Avocet Hospitality Group, based in Charleston, SC, has acquired The Anchorage Inn, a 19-room hotel located on Vendue Range in Charleston’s historic district. The Anchorage Inn becomes the third Charleston hotel under Avocet Hospitality Group’s management. The group also ...

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