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Hersha To Buy Capitol Hill Suites in DC for $47.5M

Hotel REIT Plans to Complete Deal By March 2011
By Laurie Forbes
January 21, 2011 | 9:26 P.M.

Hersha Hospitality Trust agreed to purchase the Capitol Hill Suites in Washington, DC, for $47.5 million or $312,000 per door. The 152-room hotel will be the real estate investment trust’s eighth hotel in the metropolitan area. The deal is set to close by the end of the first quarter.

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