hersha hospitality
Hersha Hospitality Management Debuts AC Hotel Pleasanton in California’s Tri-Valley Following $20 Million Renovation
AC Hotels by Marriott | November 19, 2019
Pleasanton, CA – November 19, 2019 – Revitalizing an idyllic suburban locale, AC Hotels by Marriott® and Hersha Hospitality Management announce the highly-anticipated arrival of AC Hotel Pleasanton to Northern California’s Tri-Valley. AC Hotel Pleasanton, formerly Sheraton Pleasanton, offers a thoughtfully-modern hotel following a more than $20-million comprehensive transformation which features 171-reimagined guest rooms, engaging communal spaces, and the debut of a new outdoor pool deck among the redesigned touches introduced to the property. “Pleasanton is one of the most vibrant destinations in the Tri-Valley, continually ex...
Hersha Hospitality Trust Completes Sale of Two Suburban Washington, DC Hotels for $62 Million
Hersha Hospitality Trust (HT) | January 11, 2017
PHILADELPHIA-- Hersha Hospitality Trust (NYSE: HT, "Hersha" or the "Company"), owner of upscale hotels in urban gateway markets, announced the Company closed on the sale of the 203-room Courtyard by Marriott in Alexandria, VA, and the 120-room Residence Inn in Greenbelt, MD for $62.0 million. The Company has agreed to a 6-month extension to close on the sale of three suburban West Coast hotels for $130.5 million, a $7.5 million increase from the original purchase price. In addition, the Company has redeemed its interest in its Mystic Partners joint-venture, acquiring all ownership interest of the 285-room Mystic Marriott Hotel & Spa...
Hersha Hospitality Trust Acquires The Envoy Hotel in Boston’s Seaport for $112.5 Million
Hersha Hospitality Trust | July 28, 2016
PHILADELPHIA -- Hersha Hospitality Trust (NYSE: HT) ("Hersha" or the "Company"), owner of upscale hotels in urban gateway markets, announced the Company has acquired the fee simple 136-room Envoy Hotel in Boston for $112.5 million. "We are very pleased to acquire the award-winning, 4-Diamond Envoy Hotel in Boston's Seaport District. The Envoy's premiere waterfront location at the nexus of Boston's Financial and Seaport districts leverages corporate demand from over 48 million square feet of office space, as well as 7-day-per-week leisure demand given the hotel's proximity to Boston's various tourist attractions and entertainment venues....
