Chesapeake Lodging Trust to acquire New York hotel for $76.5M

02/1/2012 | GlobeSt.com

Chesapeake Lodging Trust has entered into an agreement to acquire Hyatt Place New York Midtown South in Manhattan, which is under development. The purchase price is $76.5 million, or $414,000 per key. The deal will close in the third quarter.

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