US-based Hersha Hospitality Trust to sell seven non-core hotels for $505m

US-based Hersha Hospitality Trust to sell seven non-core hotels for $505m

Hersha Hospitality Trust has signed a deal worth $505 million with an undisclosed party to divest seven of its non-core Urban Select Service properties located outside of New York. The consideration comes to nearly $360,000 per key, said the publicly-listed US-based real estate investment trust in the hospitality sector. The deal includes Courtyard Brookline, Hampton […]