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Hersha Hospitality Trust to Sell Hotel 373 in Manhattan

Hersha Hospitality Trust to Sell Hotel 373 in Manhattan

PHILADELPHIA—Hersha Hospitality Trust, owner of upscale hotels in urban gateway markets, announced that the company has entered into a definitive agreement to sell the Hotel 373 located in midtown Manhattan. The 70-room hotel is being sold to an offshore investment ...

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RLJ Lodging Trust Sells Portfolio of 11 Hotels

RLJ Lodging Trust Sells Portfolio of 11 Hotels

BETHESDA, Md.–(BUSINESS WIRE)–RLJ Lodging Trust announced that the company has closed on the sale of a portfolio of 11 hotels for approximately $85 million. The sale price represents approximately a 7.9 percent capitalization rate on the portfolio’s estimated 2013 net ...

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Inland American and Kessler Enterprises Form Joint Ventures

Inland American and Kessler Enterprises Form Joint Ventures

OAK BROOK, Ill.—Inland American Lodging Group (IALG), a wholly owned subsidiary of Inland American Real Estate Trust (Inland American), announced that it has formed two new joint ventures for a combined investment of $68.5 million with Kessler Enterprises. The joint ...

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