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hersha hospitality trust
Hersha Hospitality sells FiDi Hampton Inn for $32M
March 09, 2018 05:44PM
Virginia-based hospitality investor Shamin Hotels made its first purchase in New York City. Shamin bought the 81-room Hampton Inn hotel in the Financial...
Hersha and Cindat close $385M loan for Manhattan hotel portfolio
February 12, 2018 05:00PM
Hersha Hospitality Trust and Cindat Capital Management secured a $385 million loan from UBS and China Merchants Bank for its portfolio of seven hotels...
Hersha sells seven Manhattan hotels to China Cinda for $571M
February 04, 2016 03:59PM
Hersha Hospitality Trust sold a 70 percent majority interest in seven Manhattan hotels to Chinese investment firm Cindat Capital Management in deal worth $571.4...
Sam Chang sells Hilton Garden Inn Midtown East for $85M
June 04, 2014 08:30AM
Less than a week after the opening of the Hilton Garden Inn Midtown East, developer Sam Chang closed on the sale of the 85,000-square-foot...
Overseas firm nabs Midtown’s Hotel 373 for $37M
February 24, 2014 01:10PM
An offshore investment fund plans to buy a 70-key hotel in Midtown from a real estate investment trust for $37 million, or $529,000 per key....
Blackstone picks up Hersha’s Long Island hotels as part of $217M deal
September 24, 2013 06:15PM
Blackstone Real Estate Advisors, an affiliate of private equity heavyweight Blackstone Group, reached an agreement with real estate investment trust Hersha Hospitality Trust to...
Hersha Hospitality Trust reports strong fourth quarter for NYC hotels
February 21, 2013 05:30PM
Hersha Hospitality Trust is reporting a strong fourth quarter for its 15 New York City hotels, despite regulatory delays and setbacks related to Hurricane...
Hilton hotel to rise in Midtown East in $74M deal
October 25, 2012 09:30AM
A stalled 205-room Hilton Garden Inn project in Midtown East is preparing to see new life. Hersha Hospitality Trust, a Philadelphia-based hotel REIT, is entering...
Yoga studios, skating rinks and other ways hotels are trying to grow revenue
July 05, 2012 01:30PM
Still aching from the recession, cash-strapped luxury hotels are increasingly looking to non-room revenue sources, such as yoga studios, multi-purpose event spaces and even...
Owner weighs selling Hyatt 48 Lex restaurant space
May 14, 2012 05:30PM
The owner of the new Hyatt 48 Lex hotel has divided the Midtown property into two separate condo units, one for the hotel and...
Extell’s Times Square Hyatt to have 54 stories, 487 rooms
September 07, 2011 03:30PM
The new Hyatt Hotel Gary Barnett’s Extell Development Company is building in Times Square will have 54 stories, 487 rooms and is expected to...
Chang sells Pearl Street property to Hersha
August 04, 2011 12:50PM
32 Pearl Street (Source: Propertyshark) and Sam Chang Hotel developer Sam Chang has sold property at 32 Pearl Street in Lower Manhattan to Hersha...
Olmstead sues Hersha for $10M at West 38th hotel site
July 01, 2010 06:49PM
Samuel Rosenblatt, top, and Sam Chang. Chimney damage at 575 Eighth Avenue. Midtown office building owner Olmstead Properties is suing hotel real estate investment...
Sam Chang three-pack tops February sales
March 26, 2010 12:24PM
Click image for larger version. Hotel developer Sam Chang’s $164.5 million sale of a three-pack of hotels at 337, 339 and 343 West 39th...
Sam Chang sells nondescript Hell’s Kitchen hotel to Israeli investors
March 18, 2010 12:05PM
Hotel developer Sam Chang and 440 West 41st Street (building photo source: PropertyShark) Hotel developer Sam Chang sold a 13-story Hell’s Kitchen building being...
Hotel market shows signs of life in NYC
February 23, 2010 02:26PM
Occupancy and average daily rates are on the rise for New York City hotels, as well as the velocity of sales of hotels in...
REIT raises $110M for two Chang hotels on West 39th Street
January 25, 2010 03:08PM
Sam Chang is selling the Hampton Inn at 337 West 39th Street and the Candlewood Suites at 339 West 39th Street Hersha Hospitality Trust,...
Bank OZK lends Tishman $275M for LIC office development
Greenroad Capital buys pair of
Prospect Park South buildings for $27M
Howard Lorber sells Sherry-Netherland pad for $11M
Ralph Lauren inks 350K sf expansion at Starrett-Lehigh
NYC multifamily market crossed the $1B mark in September
November 2018 issue
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