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Hersha Hospitality Trust Sells D.C., Boston Hotels

The Capitol Hill Hotel at 200 C St. SE Hersha Hospitality Trust is continuing with its strategy of selling hotels as the industry reaches a full year since the coronavirus pandemic disrupted its business.  The REIT sold the 153-room Capitol Hill Hotel in D.C. for $51M and the 112-room Holiday Inn Express in Cambridge, Massachusetts, for $32M, a Hersha spokesperson tells Bisnow. Hersha announced Tuesday it sold the hotels for net proceeds of $58M. The Hersha spokesperson said the net...
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Source: bisnow.com

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