hersha hospitality trust


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Hersha Hospitality sells FiDi Hampton Inn for $32M

Hersha Hospitality sells FiDi Hampton Inn for $32M

 Virginia-based hospitality investor Shamin Hotels made its first purchase in New York City. Shamin bought the 81-room Hampton Inn...

Hersha Hospitality sells FiDi Hampton Inn for $32M
Hersha and Cindat close $385M loan for Manhattan hotel portfolio

Hersha and Cindat close $385M loan for Manhattan hotel portfolio

Hersha Hospitality Trust and Cindat Capital Management secured a $385 million loan from UBS and China Merchants Bank for...

Hersha and Cindat close $385M loan for Manhattan hotel portfolio
Hersha sells seven Manhattan hotels to China Cinda for $571M

Hersha sells seven Manhattan hotels to China Cinda for $571M

Hersha Hospitality Trust sold a 70 percent majority interest in seven Manhattan hotels to Chinese investment firm Cindat Capital...

Hersha sells seven Manhattan hotels to China Cinda for $571M
Sam Chang sells Hilton Garden Inn Midtown East for $85M

Sam Chang sells Hilton Garden Inn Midtown East for $85M

Less than a week after the opening of the Hilton Garden Inn Midtown East, developer Sam Chang closed on...

Sam Chang sells Hilton Garden Inn Midtown East for $85M
Hotel 373 at 373 Fifth Avenue

Overseas firm nabs Midtown’s Hotel 373 for $37M

An offshore investment fund plans to buy a 70-key hotel in Midtown from a real estate investment trust forĀ $37...

Overseas firm nabs Midtown’s Hotel 373 for $37M
From left: Blackstone's Jonathan Gray and Hersha's Jay Shah

Blackstone picks up Hersha’s Long Island hotels as part of $217M deal

Blackstone Real Estate Advisors, an affiliate of private equity heavyweight Blackstone Group, reached an agreement with real estate investment...

Blackstone picks up Hersha’s Long Island hotels as part of $217M deal
Hersha Hospitality Trust reports strong fourth quarter for NYC hotels

Hersha Hospitality Trust reports strong fourth quarter for NYC hotels

Hersha Hospitality Trust is reporting a strong fourth quarter for its 15 New York City hotels, despite regulatory delays...

Hersha Hospitality Trust reports strong fourth quarter for NYC hotels
Hersha CFO Ashish Parikh

Hilton hotel to rise in Midtown East in $74M deal

A stalledĀ 205-room Hilton Garden Inn project in Midtown East is preparing to see new life. Hersha Hospitality Trust, a...

Hilton hotel to rise in Midtown East in $74M deal
From left: Jay Shah, CEO of Hersha Hospitality, a 2010 rendering of the Hyatt Union Square and the ice rink at the Hotel del Coronado in San Diego

Yoga studios, skating rinks and other ways hotels are trying to grow revenue

Still aching from the recession, cash-strapped luxury hotels are increasingly looking to non-room revenue sources, such as yoga studios,...

Yoga studios, skating rinks and other ways hotels are trying to grow revenue
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Owner weighs selling Hyatt 48 Lex restaurant space

The owner of the new Hyatt 48 Lex hotel has divided the Midtown property into two separate condo units,...

Owner weighs selling Hyatt 48 Lex restaurant space
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