Hotel REIT Hersha Hospitality Trust plans to buy a 50% stake in the joint venture that controls the 228-room Holiday Inn Express Manhattan Madison Square, and, separately, to purchase a 100% interest in the 65-room Hampton Inn Manhattan-Financial District Seaport. The deals are expected to close by the end of the first quarter, and the REIT also has completed the acquisition of a Carlisle, Pa., Residence Inn by Marriott.

Full Story:

Related Summaries