PHILADELPHIA, PA – Hersha Hospitality Management has added 25 hotels, totaling 4,000 rooms, to its portfolio within the past year.

The company's portfolio currently comprises 140 hotels, operated on behalf of more than 20 institutional and long-term owners. The portfolio consists of equal parts lifestyle and independent hotels, resort and full-service hotels and urban and select-service hotels.

The company additionally announced that it successfully retained all of its existing management contracts in 2020.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Ingrid Tunberg

Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.