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Hersha Hospitality Trust Provides Operational Update

Hersha Hospitality Trust Provides Operational Update
hospitalitynet.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hospitalitynet.org Daily Mail and Mail on Sunday newspapers.

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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 proceed figure reflected the combined sale prices minus the outstanding debt on the D.C. hotel.
Hodges Ward Elliott announced Thursday it brokered the sales. The parties didn t disclose the buyer, and the sales haven t been posted in D.C. or Massachusetts property records. ....

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Hodges Ward Elliott Arranges Sale of Capitol Hill Hotel in Washington D.C. and Holiday Inn Express & Suites Boston-Cambridge

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WASHINGTON and BOSTON, March 11, 2021 /PRNewswire/
Hodges Ward Elliott ( HWE ), the premier boutique real estate capital markets advisor, announced the sale of a hospitality portfolio consisting of the Capitol Hill Hotel, a 153-room independent hotel located at 200 C Street SE, immediately adjacent to Capitol Hill, and the Holiday Inn Express & Suites Boston, a 112-room hotel located at 250 Monsignor O Brien Highway, in Cambridge, MA.
An HWE team led by Cyrus Vazifdar, Managing Director, in addition to Jay Morrow, Managing Director, Michael Tormey, Senior Vice President and Alex Yiankes, Analyst, represented the seller, Hersha Hospitality Trust, in the transaction. Additionally, HWE s capital markets team sourced the acquisition financing for the buyer. ....

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Hersha Hospitality Trust Provides Operational Update

Hersha Hospitality Trust Provides Operational Update
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.

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Destination DC Thanks Travel Industry Professionals with Discounts throughout the Summer

Washington, DC celebrates Travel Professionals Vacation Incentive Program with discounts and deals
(Washington, DC) – For the seventh year, Destination DC (DDC), the official destination marketing organization for Washington, DC, has created a promotion exclusively for travel industry professionals called the Travel Professionals Vacation Incentive Program. DDC has partnered with 38 greater Washington, DC-area hotels to offer exclusive discounted room rates from July 1, 2019 through Sept. 2, 2019. Travel professionals must register online to unlock exclusive discounts.
“We’re pleased to continue building on the success of this program and reward the industry experts who help us encourage travelers to ‘Discover the Real DC’,” said Elliott L. Ferguson, II, president and CEO, DDC. “These discounts are part of our gratitude as well as an opportunity to experience our city’s hotel offerings firsthand. Whether it is experiencing the new Conrad Washington DC’s ....

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