New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 24, 2014
08:02 EDTHTHersha Hospitality to sell Hotel 373 in Manhattan for $37M
Hersha Hospitality Trust has entered into a definitive agreement to sell the Hotel 373 located in midtown Manhattan. The 70 room hotel is being sold to an offshore investment group for $37M, or approximately $529,000 per key. The sale price values the hotel at $1,680 per square foot, and on 2013 operating results represents an economic capitalization rate of 5.2% and a hotel EBITDA multiple of 17.3x. The transaction is expected to close during the second quarter of 2014, and is subject to customary closing conditions, including the completion of the buyer’s due diligence.
News For HT From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
January 22, 2015
06:56 EDTHTHersha Hospitality management to meet with JMP Securities
Subscribe for More Information
January 16, 2015
10:01 EDTHTOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
07:41 EDTHTHersha Hospitality upgraded to Buy from Neutral at BofA/Merrill
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use