Hersha Hospitality Trust to Sell 5-Hotel Portfolio for $185MM, Two Hotels in Bay Area

Hersha Hospitality Trust (NYSE: HT, “Hersha” or the “Company”), owner of upscale hotels in urban gateway markets, announced the Company has entered into a definitive agreement to sell a 5-hotel suburban portfolio totaling 757 rooms for $185.0 million, or $244,000 per key. “The sale of this high-quality portfolio highlights Hersha’s capability to successfully execute accretive […]