Hersha Hospitality Trust

  • Hersha Sells Hotel Portfolio to Blackstone; Tower Place Seeks New Owner

    Hersha Hospitality Trust, a Harrisburg,PA-based real estate investment trust that owns and operates 48 luxury hotels located in urban gateway markets, will sell a large part of its portfolio to BRE NE Hospitality Holdings LLC, an affiliate of Blackstone Real Estate Advisors, for $217 million. The deal is subject to customary conditions for real estate transactions and is expected to close by the end of Q1 2014.

    Philadelphia 26 September 2013 17:04

You May Also Like

  • FL Luxury Apartments Command $103M

    Ram Realty Advisors and Kolter Urban have sold The Alexander and Alexander Lofts, two high-end communities located in West Palm Beach.

    30 October 2018 13:59
  • JV Secures $70M Loan for NJ Asset

    The proceeds of the 10-year loan, arranged by HFF, were used to retire existing construction financing for Steel Works, a 2017-built property in Harrison.

    16 January 2019 08:50
  • Greysteel Brokers 208-Unit TX Property

    Doug Banerjee, Boyan Radic, Andrew Mueller, Andrew Hanson and Jack Stone closed the deal on behalf of the seller.

    18 July 2018 17:03
  • New Upper West Side Luxury Condos Underway

    Landsea Homes and Leyton Properties broke ground on a 14-story boutique condominium inspired by the neighborhood’s historic pre-war architecture.

    15 November 2018 19:01
  • Lion Real Estate Exits San Diego

    Woodspear Properties paid more than $23 million for the 84-unit Class B community, while assuming the outstanding balance of a $15 million loan from the seller.

    12 December 2018 14:08