Hersha Hospitality Trust announced agreements to sell four hotels the same night it released its 2019 full year and fourth quarter earnings results. The four hotels, to be sold in three separate transaction, are expected to close by the end of the second quarter for total proceeds of $144 million.
Hersha Hospitality Lines Up Buyers for Hotels in Miami, NYC and Boston
REIT Looking to Lower Debt from $144 Million in Property Sales
RELATED ARTICLES
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In
IN THIS ARTICLE
- Properties
- Holiday Inn Express Boston
69 Boston St, Dorchester, MA
- Blue Moon Hotel
944 Collins Ave, Miami Beach, FL
- Courtyard Boston South-Boston
63 R Boston St, Dorchester, MA
- Duane Street Hotel Tribeca, Sonder
130 Duane St, New York, NY