Hotel owner Hersha Hospitality Trust said Tuesday it has obtained commitments to borrow as much as $250 million under a senior secured credit facility.
The real estate investment trust said it signed a commitment letter with TD Bank NA and TD Securities (USA) LLC for a proposed $225 million credit line that comes due in three years. The facility also includes the option for a one-year extension and may be increased to $250 million.
Read More:
0 comments:
Post a Comment