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Hersha Hospitality Sells Joint-Venture Interest in Seven Hotels

Hersha Hospitality Sells Joint-Venture Interest in Seven Hotels

PHILADELPHIA—Hersha Hospitality Trust, owner of upscale hotels in urban gateway markets, announced the company has signed definitive agreements with Cindat Capital Management Limited to form a joint venture for 7 of the Company’s limited service hotels in Manhattan totaling 1,087 ...

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Loews Purchases Hotel 1000

Loews Purchases Hotel 1000

NEW YORK—Loews Hotels & Resorts, a wholly owned subsidiary of Loews Corporation, has announced that it has entered into an agreement to purchase the 120-room Hotel 1000. The acquisition is expected to close Thursday, Jan. 28. “Seattle has been a ...

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Commercial Real Estate Prices to Decline

The Federal Reserve’s interest-rate hike for the first time in nearly a decade has ensured that values are not likely to climb in the new year. For commercial real estate investors, this means the good times may be over, reports ...

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Dollars and Sense: Upcoming Finance, Real Estate Trends

Dollars and Sense: Upcoming Finance, Real Estate Trends

Hotel brands compete with one another to add new product as fast as possible, but their ultimate success relies on smart growth. That’s why hotel companies consider the sophistication and the capital structure of the real estate owner before striking ...

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