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Hersha Hospitality Trust Increases West Coast Presence

Hersha Hospitality Trust Increases West Coast Presence

PHILADELPHIA—Hersha Hospitality Trust, owner of upscale hotels in urban gateway markets, today announced the company has entered into a definitive agreement to purchase the 122-room Hotel Oceana in Santa Barbara, Calif., for $42 million. “The acquisition of Hotel Oceana exemplifies ...

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San Francisco Hotels Make Big Economic Impact

San Francisco Hotels Make Big Economic Impact

The hospitality and tourism industry is a vital part of the U.S. economy. In 2012, it supported nearly 7.7 million jobs and generated $855.4 billion in travel spending. And hotels remain a large part of the equation by contributing to ...

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Extended Stay America Launches of IPO

Extended Stay America Launches of IPO

CHARLOTTE, N.C.—Extended Stay America and ESH Hospitality Inc. (ESH REIT) announced that they have commenced an initial public offering of 28,250,000 paired shares, consisting of Common Stock of Extended Stay America, Inc., and Class B Common Stock of ESH Hospitality, ...

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Inland American Acquires the Lorien Hotel and Spa

Inland American Acquires the Lorien Hotel and Spa

OAK BROOK, Ill.—Inland American Lodging Group, a wholly owned subsidiary of Inland American Real Estate Trust, announced that it has acquired the 107-room Lorien Hotel and Spa in Alexandria, Va., for a purchase price of approximately $45 million. “This boutique ...

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Hotel Market Insight: Nashville

Hotel Market Insight: Nashville

The economy of Tennessee’s capital city has proven indomitable over the past several years, even given the upsets in the markets and the gridlock in the federal government. The stability of state government and educational institutions, growing healthcare and automotive ...

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