Friday, January 21, 2011

Hersha Hospitality to aquire Capital Hill Suites

PHILADELPHIA--(Hospitality Business News)-- Hersha Hospitality Trust(NYSE: HT), owner of select service and upscale hotels in major metropolitan markets, announced that it has signed a definitive agreement to purchase the 152 room Capitol Hill Suites, Washington, D.C. for approximately $47.5 million, or $312 thousand per key excluding closing costs.

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