Hersha Hospitality increases focus on search for good deals

04/2/2012 | HotelNewsNow.com

Hersha Hospitality Management is exerting all of its energies in chasing "good, old-fashioned deals," focusing on gateways such as Boston and Washington, said President and CEO Naveen Kakarla. Kakarla said debt availability is growing in the market, although challenges remain in financing deals. The company is also pursuing investment opportunities as well as new-build projects in the U.S.

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