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18

Hersha Sells Manhattan Hotel for $32M

By Tony Seruga

The firm traded the 81-key Hampton Inn Financial District as part of its capital recycling program. Solid Rock Advisors advised Hersha on the sale.

Hersha Hospitality Trust has sold its Hampton Inn Financial District hotel in Manhattan for $32.4 million. Solid Rock Advisors advised Hersha on the sale.

“This transaction highlights Hersha’s ability to successfully execute accretive dispositions and upgrade the portfolio with higher growth hotels in our core markets,” said Jay Shah, CEO of Hersha, in prepared remarks…

Hersha Sells Manhattan Hotel for $32M

Categories : Commercial Real Estate

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