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Strategic Hotels’ Shares Rise Above 2008 Levels

Strategic Hotels’ Shares Rise Above 2008 Levels

While most hotel companies saw very positive gains in 2013, buoyed by strong fourth-quarter results, Strategic Hotels has had a better-than-expected trajectory. According to this report from Crain’s Chicago Business the Chicago-based real estate investment trust reported funds from operations ...

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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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RLJ to Acquire 10-Hotel Portfolio From Hyatt

RLJ to Acquire 10-Hotel Portfolio From Hyatt

BETHESDA, Md.—RLJ Lodging Trust and Hyatt Hotels Corporation announced that Hyatt affiliates have entered into a definitive purchase and sale agreement for RLJ to acquire a portfolio of 10 hotels totaling 1,560 rooms consisting of Hyatt, Hyatt Place, and Hyatt ...

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