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Hersha Hospitality Trust to Sell Hotel 373 in Manhattan

Hersha Hospitality Trust to Sell Hotel 373 in Manhattan

PHILADELPHIA—Hersha Hospitality Trust, owner of upscale hotels in urban gateway markets, announced that the company has entered into a definitive agreement to sell the Hotel 373 located in midtown Manhattan. The 70-room hotel is being sold to an offshore investment ...

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RLJ Lodging Trust Sells Portfolio of 11 Hotels

RLJ Lodging Trust Sells Portfolio of 11 Hotels

BETHESDA, Md.–(BUSINESS WIRE)–RLJ Lodging Trust announced that the company has closed on the sale of a portfolio of 11 hotels for approximately $85 million. The sale price represents approximately a 7.9 percent capitalization rate on the portfolio’s estimated 2013 net ...

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Liberty Group Closes Hotel Investment Fund

Liberty Group Closes Hotel Investment Fund

TAMPA, Florida: February 8, 2014 – Liberty Group is proud to announce the final closing of its first private equity real estate fund dedicated to the acquisition of upper mid-scale hotels. Liberty Hospitality Fund I, LLC was fully capitalized in ...

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Optimism Reigns at ALIS

Optimism Reigns at ALIS

At the 2014 Americas Lodging Investment Summit (ALIS)—which brought more than 2,600 hotel industry executives, owners, and investors to the JW Marriott Los Angeles L.A. Live in California—the outlook for 2014 remained overwhelmingly positive. Following a year of record-breaking statistics ...

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