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Before acquiring The Ritz-Carlton, Georgetown for $49.9 million, [6] [7] Hersha sold seven of its Manhattan hotels in February 2016 to a joint venture with Chinese company Cindat Capital Management. [8] [6] In August 2023, private equity firm KSL Capital Partners announced an agreement to purchase Hersha for $10.00 per share, for a total of $1. ...
General information; Location: West Rittenhouse Square: Address: 210 Rittenhouse Square Philadelphia, Pennsylvania 19103: Coordinates: Owner: Hersha Hospitality Trust ...
Hersha partnered with the Zavino Hospitality Group of Philadelphia on renovating the hotel's bar, food service, patio, and restaurant. The renovation, which began in July 2016, included the creation of a new restaurant, the 30-seat Tredici—a restaurant concept developed by Zavino which features shared Mediterranean -style dishes, a ...
Hersha Hospitality Announces Fourth Quarter Results - Consolidated Hotel RevPAR Improved 12.8% - - Consolidated Average Daily Rate Increased 7.8% - - Same Store EBITDA Margins of 43.6% - - Same ...
Hersha Hospitality Trust to Sell Portfolio of 16 Non-Core Hotels for $217 Million -Remaining Core Portfolio Substantially Higher Quality, Higher Long-Term Growth Trajectory- PHILADELPHIA-- ...
Hersha Hospitality Trust Completes Sale of Holiday Inn Express, Camp Springs, Maryland PHILADELPHIA--(BUSINESS WIRE)-- Hersha Hospitality Trust (NYS: HT) ("Hersha" or "the Company"), owner of ...
Hersha Hospitality to Announce Fourth Quarter 2012 Earnings on February 21, 2013 PHILADELPHIA--(BUSINESS WIRE)-- Hersha Hospitality Trust (NYS: HT) , owner of upscale and select service hotels in ...
Hersha Hospitality Trust Increases Presence in Southern California and Miami - Closed on Purchase of Courtyard San Diego Downtown - - Signed Agreement to Purchase The Residence Inn Coconut Grove ...