Hersha Hospitality to buy seven Summerfield Suites

12/22/2006 | Hospitality Net

Hersha Hospitality Trust is in a deal to buy seven extended-stay Hyatt Summerfield Suites hotels from LodgeWorks, for about $169 million. Hersha expects to make about $2.5 million in capital improvements, and LodgeWorks will continue to manage the hotels.

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