Hersha joint venture set to expand in New England

06/16/2005 | Hotel Interactive · Commercial Property Executive

REIT and franchise hotel owner Hersha Hospitality Trust has signed a deal with Waterford Hospitality Group to form Mystic Partners with the goal of expanding its properties in the New England properties market. The $250 million joint venture will have a portfolio that includes nine New England Marriott- and Hilton-branded hotels, and is "very much fueled by the robustness in the market currently," a Hersha executive said.

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Hotel Interactive · Commercial Property Executive

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