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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 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-- ...
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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 Announces Third Quarter Results - Consolidated Hotel Occupancy of 81% - - Consolidated Hotel RevPAR Improved 2.1% - - Consolidated Average Daily Rate Increased 2.3% - ...
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