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Hersha Hospitality Trust to Sell Seven Assets for $505M

The transaction aligns with the firm’s strategy to focus on resort, luxury, lifestyle and destination-orientated assets, as well as its New York portfolio.

HARRISBURG, PA – Hospitality REIT Hersha Hospitality Trust entered into an agreement to sell seven of its non-core, Urban Select Service hotel properties, outside of New York, for $505 million.

The transaction, which will equate to $360,000 per key, aligns with the firm’s long-term strategy to focus on resort, luxury, lifestyle and destination-orientated assets, as well as its New York portfolio.

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Ingrid Tunberg

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.

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